Competition and Real Estate by State

Missouri

	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

Press Releases

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

Comment Letters

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