disbursed as agreed to in writing by the parties and
having an interest in the funds; and (B) The administrator or executor of the broker’s, broker-
6. Arrange for pending contracts to be closed by a officer’s, broker-partner’s, or broker-associate’s estate or the
title company, a lending institution, an escrow company, legal representative thereof—
or an attorney. In the case of a sale, transfer, or merger of 1. May, as provided in section 339.040.8, RSMo, apply for
an existing brokerage, the acquiring broker may close the a temporary broker license for the sole purpose of concluding
pending transactions acquired from the selling broker after pending business;
having first obtained the express written consent of all parties 2. Shall follow the procedures established in section (1) for
to the transactions. Notify all parties involved in pending voluntary closing; and
transactions as to the name, address, and telephone number of 3. Shall notify the commission in writing on a form
the closing agent. prescribed by the commission of the effective date of the
closing, the location where the records will be stored, and that
(2) Revocation/Suspension. all requirements of 20 CSR 2250-8.155(3) have been met.
(A) Individual Broker or Corporation, Partnership, or
Association. Upon the revocation or suspension of an individual AUTHORITY: section 339.120, RSMo Supp. 2008.* This rule
broker, corporation, partnership, or association, the individual originally filed as 4 CSR 250-8.155. Original rule filed June 16,
broker or designated broker shall— 1989, effective Sept. 28, 1989. Amended: Filed Feb. 2, 1994, effective
1. Cease all brokerage business immediately upon the Aug. 28, 1994. Amended: Filed Dec. 1, 1997, effective Sept. 1, 1998.
effective date of the suspension or revocation