|Allows choice of brokerage services|
|Allows brokers to offer rebates to consumers|
Missouri law requires real estate brokers entering into exclusive brokerage agreements to accept and present offers and counteroffers, and answer their clients questions in every real estate transaction.
Many MLSs in Missouri have now passed rules requiring brokers to enter into exclusive brokerage agreements, so brokers in those MLSs are prevented from offering, and their clients prevented from buying, MLS-listing-only services.
Missouri law, according to the Missouri Real Estate Commission, prohibits consumer rebates. The law prohibits unlicensed individuals from receiving part of the real estate commission and, since consumers are not licensed brokers, they cannot receive a rebate in Missouri.
Learn more about:
Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
May 24, 2005
May 23, 2005
Letter to Governor Blunt Re: Missouri House Bill 174
Related documents on the Internet:
Missouri Revised Statute § 339.780(7) requiring brokers to perform minimum services