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20 CSR 2250-8

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

Full Text

1,787 chars
PURPOSE: This rule outlines requirements for a brokerage 20 CSR 2250-8.097 Broker Disclosure Form
relationship confirmation.
PURPOSE: This rule implements a statutory requirement that
(1) Licensees acting with or without a written agreement for licensees must present agency alternatives to the public using
brokerage services pursuant to sections 339.710 to 339.860, a Broker Disclosure Form prescribed by the Missouri Real Estate
RSMo, are required to have such relationships confirmed in Commission.
writing by each party to the real estate transaction on or
before such party’s first signature to the real estate contract. (1) In a residential real estate transaction, at the earliest
Nothing contained herein prohibits the written confirmation practicable opportunity during or following the first substantial
of brokerage relationships from being included or incorporated contact by the designated broker or the affiliated licensees with
into the real estate contract, provided that any addendum or a seller, landlord, buyer, or tenant who has not entered into a
incorporated document containing the written confirmation brokerage relationship as described in section 339.710.5, RSMo,
must include a separate signature section for acknowledging the licensee shall provide that person with a written copy of
the written confirmation that shall be signed and dated by the current Broker Disclosure Form prescribed by the Missouri
each party to the real estate transaction. Real Estate Commission. In any event, a licensee shall provide
(A) Written confirmation must— the party that has not entered into a brokerage relationship as
1. Identify the licensee’s brokerage relationship; described in section 339.710.5, RSMo, the Broker Disclosure Form
2. Identify the source or sources of