Kansas Real Estate Commission
 
  6/19/2013
  Summer/Fall 2003
                                        
 
     
 
In This Issue
Current content selection
2003 What's New in the Law?
   
 
Avoid BRRETA Troubles
   
 
Accommodating Americans With Disabilities
   
 
Information, YES! Legal Advice, NO!
   
 
KREC News
   
 
Mortgage Fraud is Serious Business
   
 
Multiple Company Affiliation Law Changes
   
 
Team Advertising on the Web
   
 
Disciplinary Actions
   
 
Meet the Commissioners
   
2003 What's New in the Law?


HB 2131/Effective July 1, 2003
Energy Efficiency Standards for New Residential, Commercial and Industrial Structures
The International Energy Conservation Code 2003 (IECC 2003) was adopted as the applicable thermal efficiency standard for new commercial and industrial structures in Kansas.

Effective July 1, 2003, the law was amended to require a person who is building or selling a previously unoccupied new residential structure to disclose to a buyer or a prospective buyer, either upon request or prior to closing, information about the thermal efficiency of the structure. The disclosure must be made on a form prepared and disseminated by the Kansas Corporation Commission. The revised form can be found on the Kansas Corporation Commission’s Web site at http://www.kcc.state.ks.us/energy/energyform.pdf.

HB 2205/Effective July 1, 2003
Requires sellers to disclose the amount of special assessments to the buyer and special assessments are no longer included in the fair market value of the property.

The law was amended to require sellers of real property to disclose to buyers that the property is subject to special assessments or fees or is located in an improvement district. The disclosure shall occur as part of the contract or prior to the execution of the contract. If the amount of special assessments or fees is unknown, the seller must make a good faith estimation of the amount. The seller is required to obtain a written acknowledgement from the buyer that the buyer had been apprised of the applicable assessments or fees or that the property is located in an improvement district.

The legislation also prohibits the inclusion of the present value of special assessments in the determination of fair market value of real property.

HB 2294/Effective July 1, 2003
Provides contractors of residential construction the right to cure prior to a claimant being permitted to file civil litigation.

The law was amended with regard to the filing of a lawsuit based on construction defects of new residential construction or remodeling projects. The legislation does not apply to actions arising from personal injury or death or when the defect of the construction is substantial enough to cause the structure to be uninhabitable. The law requires a claimant to serve a written notice of claim upon the contractor prior to filing a lawsuit. The legislation places deadlines on the contractor to serve notice on each subcontractor and provide a written response to the claimant. The legislation permits the claimant to file a lawsuit without further notice if the contractor disputes the claim, does not respond to the notice, does not complete work on the defect on a timely basis or does not make a payment in the time allowed. The legislation also provides procedures for the claimant to accept or reject the offers of the contractor.

Of interest to real estate licensees who market new home developments, the legislation requires each contractor of a new residential structure to provide to the initial purchaser, in writing and within 30 days after closing, the name, license number, business address and telephone number of each subcontractor who performed any work on the dwelling. The written notice must also provide a brief description of the work performed by each subcontractor.

SB 204
Childhood Lead Poisoning Prevention Act Extended

The provisions of the Childhood Lead Prevention Act were extended to 2010.