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Commonly Asked Questions about Kansas Real Estate Legal Documents

The Department of Real Estate (DRE) not only administers and enforces the laws governing the sale of subdivided lots and common interest developments, including condominiums and planned developments, it also administers and enforces laws governing the sale of time-share interests.
The Commission has authority to take disciplinary action against a licensee, including imposition of education, fines or suspension, revocation, restriction, condition or censure of a license. Cases involving unlicensed individuals will be referred to the appropriate criminal authority.
What Must Be Included in a Kansas Real Estate Contract? Party information. The names and addresses of the parties involved in the transaction, including the buyer, seller, and any agents or brokers involved. Property description. Purchase price. Contingencies. Closing date. Disclosures.
Unlike in some states, Kansas law does not specifically require written property disclosures, nor has it drafted language for a required disclosure form.
The Kansas Real Estate Commission oversees licensee activity and enforces compliance with the Kansas Real Estate Brokers and Salespersons License Act and the Kansas and the Brokerage Relationships in Real Estate Transactions Act.
(2) Contract for deed means an executory agreement in which the seller agrees to convey title to real property to the buyer and the buyer agrees to pay the purchase price in five or more subsequent payments exclusive of the down payment, if any, while the seller retains title to the property as security for the
Explanation: The real estate commissioner is responsible for screening applicants for licensing, investigating complaints against licensees, and regulating subdivisions. However, the real estate commissioner is not responsible for settling commission disputes.
As discussed above, the Kansas Real Estate Commission regulates the real estate industry in Kansas through enforcement of the Real Estate Brokers and Salespersons License Act and the Brokerage Relationships in Real Estate Transactions Act.