tender to the buyer or buyer’s agent any counteroffer made by arrangement in which a real estate licensee, or an associate of
the seller, including any back-up contracts properly identified a real estate licensee, has either an affiliate relationship with
as such, and upon procuring a proper acceptance of an offer or a direct or beneficial ownership interest of more than one
to purchase shall promptly deliver copies of the same, signed percent (1%) in a provider of settlement services.
by both buyer and seller, to each party to the transaction. A 3. The term associate means one who has one (1) or more of
buyer or seller must be promptly advised when an offer or the following relationships with a real estate licensee:
counteroffer has been rejected. A. A spouse, parent or child of a real estate licensee;
B. A corporation or business entity that controls, is
(3) Any change to a contract shall be initialed by all buyers controlled by or is under common control with a real estate
and sellers. Acceptance of each fully executed contract shall licensee;
include the date at which final agreement was reached either C. An employer, officer, director, partner, franchisor or
by 1) specific acknowledgement of final acceptance date; or 2) franchisee of a real estate licensee; or
date of the last signature or initial to the contract. D. Anyone who has an agreement, arrangement or
understanding with a real estate licensee, the purpose or
AUTHORITY: section 339.120, RSMo Supp. 1993.* This rule originally substantial effect of which is to enable the real estate licensee
filed as 4 CSR 250-8.100. Original rule filed Nov. 14, 1978, effective to refer settlement business to benefit financially from the
Feb. 11, 1979. Amended: Filed Sept. 7, 1984, effective Dec. 13, 1984. referrals of that