SCS/HB 1964 - This act specifically excludes neighborhood associations within the definition of "real estate broker" for the purposes of certain provisions of Chapter 339, RSMo. This act allows neighborhood associations, acting without compensation, to participate in real estate transactions by providing prospective buyers with information regarding real estate located within the geographical area which the association represents. A neighborhood association is any group organized for the sole purpose of improving a particular geographic area within a municipality.

The act also adds definitions for "commercial real estate" and "residential real estate" in sections related to limited and dual agents, designated brokers and agents.
CINDY KADLEC