Competition and Real Estate by State
||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
Rebates: Rebates Make Buying a Home Less Expensive
May 24, 2005
The Justice Department and the Federal Trade Commission Urge the Governor of Missouri to Continue to Allow Consumer Choice in Real Estate Brokerage Services
May 23, 2005
Letter to Governor Blunt Re: Missouri House Bill 174
Related documents on the Internet:
Missouri Revised Statute §§ 339.100.(2)(13) and
399.150 prohibiting the payment of rebates according to the Missouri Real Estate Commission
Missouri Revised Statute § 339.780(7)
requiring brokers to perform minimum services