(6) An “as is clause” written into a contract for the sale of real all interest earned, interest payable to a licensee must be
estate does not relieve a licensee of the requirements of section removed from the escrow account within ten (10) banking
339.100.2(2), RSMo. days following the receipt of the next statement of the escrow
account.
AUTHORITY: section 339.120, RSMo Supp. 1997.* This rule originally
filed as 4 CSR 250-8.110. Original rule filed Nov. 14, 1978, effective (5) In addition to the notification required by section 339.105.2,
Feb. 11, 1979. Amended: Filed March 12, 1982, effective June RSMo, each broker shall consent upon the request of the
11, 1982. Amended: Filed Aug. 12, 1982, effective Nov. 11, 1982. commission or its agent to the examination and audit of the
Amended: Filed Sept. 7, 1984, effective Dec. 13, 1984. Amended: broker’s escrow or trust account by the commission or its
Filed Oct. 5, 1985, effective Dec. 26, 1985. Amended: Filed Dec. agent. As part of the consent, each broker, upon opening any
15, 1986, effective March 26, 1987. Amended: Filed Sept. 18, 1990, additional account(s), shall execute a form entitled Consent to
effective June 10, 1991. Amended: Filed Nov. 15, 1991, effective June Examine and Audit Escrow or Trust Account.
25, 1992. Amended: Filed Feb. 2, 1994, effective Aug. 28, 1994.
Amended: Filed Dec. 1, 1997, effective Sept. 1, 1998. Moved to 20 (6) Each check written on an escrow account or each
CSR 2250-8.110, effective Aug. 28, 2006. corresponding check stub, or other record of disbursement of
funds from the account and each deposit ticket shall indicate
*Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993, 1995. the related real estate transaction(s). Each check written on
an escrow account for