Bill > HB596

This bill modifies provisions related to real estate brokerage services in Missouri, making several key changes to existing law. The bill updates regulations regarding who can perform real estate services, allowing brokers to employ or engage individuals from outside Missouri under certain conditions, such as executing a brokerage agreement and consenting to Missouri's jurisdiction. It permits real estate brokers to pay compensation directly to business entities owned by licensees, with specific ownership restrictions, and clarifies that such entities do not need to be licensed. The bill also revises requirements for written agreements in real estate transactions, mandating that designated brokers enter into written agreements for various types of agency relationships, including seller/landlord representation, buyer/tenant representation, dual agency, and transaction brokerage. The new provisions specify the minimum services that exclusive brokerage agreements must provide, such as presenting offers, assisting in negotiations, and answering client questions. Additionally, the bill allows for more flexibility by permitting parties to include additional duties and responsibilities beyond the specified minimum requirements. These changes aim to provide clearer guidelines and more comprehensive regulations for real estate brokerage services in the state.

Budget and Finance, Business and Industry, Government Affairs, Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB596&year=2025&code=R