BEWARE: Kansas Real Estate Commission Makes Major Changes to Guidelines on Permissible Gifts and Gratuities Relating to Prohibited Rebates

December 3, 2012 by
KREC update Luke Bell

Earlier this month, the Kansas Real Estate Commission made several major changes to the Commission’s Guidelines on Permissible Gifts and Gratuities. The intent of the changes is to clarify the application of the state’s existing statutes prohibiting the payment of cash rebates (and cash equivalents) by real estate licensees to unlicensed individuals. Kansas Law Prohibits a Real Estate Licensee from Rebating Any Portion of a Commission to an Unlicensed Individual Under K.S.A. 58-3062(a)(3), … [Read more...]

Filed Under: Featured Posts, Real Estate News

Electronic Signatures are Legal under Kansas Law and Can Be Used to Help Simplify Real Estate Transactions

July 24, 2012 by
are electronic signatures legal

Over the last few years, the use of electronic signatures to conduct business has increased dramatically and consumers are increasingly demanding the convenience of electronic transactions.    According to a recent survey conducted by Harris Interactive® for DocuSign, nearly 75% of consumers are frustrated with completing paper‐based documents and would prefer the convenience of using electronic documents to conduct their business affairs. Unfortunately, the real estate industry has … [Read more...]

Filed Under: Real Estate News

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