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20 CSR 2250-8

Citation
20 CSR 2250-8
Jurisdiction
Missouri (state)
Source
Official source

Full Text

1,792 chars
RSMo, including but not limited or changes to the agreement must contain the initials of all
to buyer’s agents and/or other transaction brokers; and parties.
11. A statement which confirms that the seller/lessor (D) The licensee shall give a legible copy of every written
received the Broker Disclosure Form prescribed by the agreement or other authorization to the buyer or tenant at the
commission: a) on or before the signing of the transaction time the signatures are obtained and a copy of the agreement
brokerage agreement, or b) upon the licensee obtaining any shall be retained in the broker’s office.
personal or financial information, whichever occurs first. (E) A licensee shall not negotiate or enter into a brokerage
(B) The agreement shall contain no provision requiring an service agreement with a buyer or tenant if the licensee knows,
owner to notify the broker of intent to cancel the agreement or has reason to know, that the buyer or tenant has a written
after the expiration date. unexpired exclusive agreement with another broker, unless
(C) Any addendums, riders, endorsements, attachments, the buyer or tenant initiates the discussion and provided the
or changes to the agreement must contain the initials of all licensee has not directly or indirectly solicited the discussion,
parties. in which case the licensee may negotiate and enter into an
(D) The licensee shall give a legible copy of every written agreement which will take effect after the expiration of the
agreement to the owner of the property at the time the current agreement.
signature of the owner(s) is obtained. (F) Transaction brokerage agreements may not be assigned,
(E) A licensee shall not negotiate or enter into a brokerage sold, or otherwise transferred to another broker without the
service