business.
Amended: Filed Oct. 2, 1985, effective Dec. 26, 1985. Amended: (B) A licensee who has a controlled business arrangement
Filed Oct. 26, 1987, effective July 1, 1988. Amended: Filed June 15, with a provider of settlement services and who, directly or
1990, effective Dec. 31, 1990. Amended: Filed Feb. 2, 1994, effective indirectly, refers business to that provider or affirmatively
Aug. 28, 1994. Moved to 20 CSR 2250-8.100, effective Aug. 28, 2006. influences the selection of that provider shall disclose the
arrangement to the person whose business is referred or
*Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993. influenced. This disclosure shall be given on a separate form
and shall be signed by the person whose business is referred or
influenced. The disclosure shall be given and signed before or
20 CSR 2250-8.110 Licensee’s Interest in Transactions; at substantially the same time that the business is referred or
Relationship with Parties the provider is selected. The licensee shall retain a copy of the
signed form. The form shall be in at least ten (10)-point type
PURPOSE: This rule makes very clear the licensee’s responsibility and shall contain the following language:
and relationship as an agent. It demands the licensee make DISCLOSURE OF REFERRAL
declaration of any personal involvement in a transaction in which OF BUSINESS
the licensee might have an interest. It prohibits his/her requiring
the parties in a transaction to use the service of any lending, title I understand that (Name of Real Estate Licensee) has an affiliate
insurance or other groups. It forbids any forms of related or direct relationship with or owns an interest in (Name of Company to
profit on expenditures made for a party in a transaction. The Which Business is