Bill > HB579

This bill requires that when real estate is sold, the instrument (legal document) filed with the county recorder of deeds must disclose the actual sales price of the property. If a person files a document that does not include the sales price, they can be subject to a civil penalty equal to five percent of the property's sales price, which can be enforced by the state's attorney general or the local county prosecuting attorney. The bill specifically exempts instruments that only convey mineral interests in real estate from this requirement. The purpose of this legislation appears to be increasing transparency in real estate transactions by ensuring that the sales price is publicly recorded, which can help provide more accurate information about local property values and market trends.

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https://house.mo.gov/Bill.aspx?bill=HB579&year=2025&code=R