Kansas Statutes 58-30a12. Broker precluded from receiving compensation; release or satisfaction of lien
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-30a12
- Compensation: means all amounts to be paid to a broker for services provided under a written agreement including, but not limited to, the broker's commission and any brokerage, management, consulting or other fees. See Kansas Statutes 58-30a02
- Lien: A claim against real or personal property in satisfaction of a debt.
If a claim for a lien has been filed with the register of deeds and a condition occurs that would preclude the broker from receiving compensation under the terms of the broker’s written agreement, the broker shall record and provide the owner of record a written release or satisfaction of the lien.