SCS/HB 1616 - Currently, persons, partnerships, associations, and corporations may perform acts of real estate brokers with reference to their own property without being licensed as brokers, provided they are in the real estate business. This act removes the condition that they not be in the real estate business. Real estate brokers may employ real estate brokers from outside the state for commercial real estate transactions when they have executed a brokerage agreement with the Missouri broker, consented to jurisdiction of Missouri and the commission, consented to certain disciplinary procedures, and appointed the Missouri real estate commission as his or her agent for service of process.
Real estate brokers may employ out-of-state brokers for any other transaction.
This act is similar to HB 2487 (2008).
CHRIS HOGERTY