order; Amended: Filed June 28, 2002, effective Dec. 30, 2002. Moved to 20
2. Notify the commission of the location where records and CSR 2250-8.155, effective Aug. 28, 2006. Rescinded and readopted:
files will be stored, as well as the name, address, and phone Filed April 3, 2009, effective Sept. 30, 2009.
number of the custodian who will be storing the records and
files; *Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993, 1995,
3. Notify all licensees associated with the brokerage of 1999, 2004, 2008.
the revocation/suspension and return all licenses held by the
broker to the commission;
4. Notify all current listing, buyer or tenant agreement, 20 CSR 2250-8.160 Retention of Records
and management contract clients as well as parties and
co-brokers to existing contracts, in writing, advising of the PURPOSE: This rule mandates that all records relating to each
date the brokerage will close. All listing, buyer, tenant, and real estate transaction handled by the broker be retained for three
management clients must be advised in writing that they (3) years and the broker make them available for commission
may enter into a new listing, buyer, tenant, or management inspection at all times.
agreement with the brokerage of their choice;
5. Remove all advertising signs from all properties which (1) Every broker shall retain for a period of at least three (3) years
were listed with or managed by the brokerage; true copies of all business books; accounts, including voided
6. Cancel or suspend all advertising and telephone listing checks; records; contracts; brokerage relationship agreements;
advertisements. In case of suspension, post a notice of the closing statements and correspondence relating to each real
suspension period on the outside of the