Kansas Administrative Regulations
Agency 86 - KANSAS REAL ESTATE COMMISSION
Article 3 - PERSONS HOLDING LICENSES; DUTIES
Section 86-3-22 - Transaction identification
Universal Citation: KS Admin Regs 86-3-22
Current through Register Vol. 43, No. 12, March 20, 2024
(a) Each supervising broker or branch broker shall assign a unique transaction number to each real estate sales contract, option agreement, and nonresidential lease agreement for which the broker acts as an employee of, or on behalf of, the owner, purchaser, lessor, or lessee.
(b) If a broker deposits earnest money in the broker's trust account before contract acceptance, the broker shall assign a unique transaction number to the offer.
(c) Each record required to be maintained pursuant to K.A.R. 86-3-10 and 86-3-18 shall include the unique transaction number.
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