1994. Moved to 20 CSR 2250- offer to sell, buy, exchange, rent, lease, or manage the property
8.030, effective Aug. 28, 2006. Amended: Filed April 3, 2009, is being made by a private party not engaged in the real estate
effective Sept. 30, 2009. Amended: Filed Oct. 27, 2011, effective business. If any part of the offering, negotiation, or completion
April 30, 2012. of a real estate transaction is to be handled by, through, or
under the direction or supervision of a licensee, directly or
*Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993, 1995,
1999, 2004, 2008.
indirectly, the licensee shall not advertise or represent to the
public in any manner that the property is for sale or lease by
the owner.
20 CSR 2250-8.040 Sales Manager (B) If a licensee advertises to sell, buy, exchange, rent, lease,
or manage property in which the licensee has an interest,
PURPOSE: This rule defines who may be a sales manager. and if the property is not listed by a brokerage entity, the
advertisement shall contain, in a prominent fashion, one (1) of
(1) Any licensee who acts in the capacity of a sales manager the following:
or assistant sales manager for the broker shall be required to 1. By owner-broker;
hold a broker-salesperson license or to be licensed as a broker- 2. By owner-salesperson; or
partner, broker-associate or broker-officer of the broker. 3. By owner-agent.
(C) Nothing in this section shall be construed to eliminate
AUTHORITY: section 339.120, RSMo Supp. 1993.* This rule the disclosure requirements found elsewhere in these rules,
originally filed as 4 CSR 250-8.040. Original rule filed Nov. 14, including those contained in 20 CSR 2250-8.110.
1978, effective Feb. 11, 1979. Amended: Filed Feb. 2, 1994, effective
Aug. 28, 1994. Moved to 20 CSR