Missouri Broker Disclosure Form
MISSOURI BROKER DISCLOSURE FORM
This disclosure is to enable you, a prospective buyer, seller, tenant or landlord of real estate, to make an informed choiceBEFORE working with a real estate licensee.
Missouri law allows licensees to work for the interest of one or both of the parties to the transaction. The law also allowsthe licensee to work in a neutral position. How the licensee works depends on the type of brokerage service agreementsinvolved. Since the sale or lease of real estate can involve several licensees it is important that you understand whatoptions are available to you regarding representation and to understand the relationships among the parties to anytransaction in which you are involved.
Missouri laws require that if you want representation, you must enter into a written agreement. This may or may notrequire you to pay a commission. You do not need to enter into a written agreement with a transaction broker unless youintend to compensate this licensee. These agreements vary and you may also want to consider an exclusive ornonexclusive type of relationship.
If you choose not to be represented by an agent, the licensee working with you may be working for the other party to thetransaction.
CHOICES AVAILABLE TO YOU IN MISSOURI
Seller’s or Landlord’s Limited Agent
Duty to perform the terms of the written agreement made with the seller or landlord, to exercise reasonable skill and care for theseller or landlord, and to promote the interests of the seller or landlord with the utmost good faith, loyalty and fidelity in the sale,lease, or management of property.
Information given by the buyer/tenant to a licensee acting as a Seller’s or Landlord’s Limited Agent will be disclosed to theseller/landlord.
Buyer’s or Tenant’s Limited Agent
Duty to perform the terms of the written agreement made with the buyer or tenant, to exercise reasonable skill and care for thebuyer or tenant and to promote the interests of the buyer or tenant with the utmost good faith, loyalty and fidelity in the purchaseor lease of property.
Information given by the seller/landlord to a licensee acting as a Buyer’s or Tenant’s Limited Agent will be disclosed to the buyer/tenant.
Sub-Agent (Agent of the Agent)
Owes the same obligations and responsibilities as the Seller’s or Landlord’s Limited Agent, or Buyer’s or Tenant’s Limited Agent.
Disclosed Dual AgentWith the written consent of all parties, represents both the seller and the buyer or the landlord and the tenant.
A Disclosed Dual Agent may disclose any information to either party that the licensee gains that is material to the transaction.
A dual agent may not disclose information that is considered confidential, such as
Acts as your specific agent, whether you are a buyer or tenant, or seller or landlord. When the broker makes this appointment, theother real estate licensees in the company do not represent you.
There are two exceptions with both resulting in dual agency or transaction brokerage: 1. The agent representing you as a buyer or tenant is also the agent who listed the property you may want to buy or lease. 2. The supervising broker of two designated agents becomes involved in the transaction.
Does not represent either party, therefore, does not advocate the interest of either party.
A transaction broker is responsible for performing the following: • Protect the confidences of both parties • Exercise reasonable skill and care • Present all written offers in a timely manner • Keep the parties fully informed • Account for all money and property received • Assist the parties in complying with the terns and conditions of the contract • Disclose to each party of the transaction any adverse material facts known by the licensee • Suggest that the parties obtain expert advice.
A transaction broker shall not disclose: • Buyer/Tenant will pay more than the purchase or lease price • Seller/Landlord will accept less than the asking or lease price • Motivating factors of the parties • Seller/Buyer will accept financing terms other than those offered.
A transaction broker has no duty to: • Conduct an independent inspection of, or discover any defects in, the property for the benefit of either party • Conduct an independent investigation of the buyer’s financial condition.
Other Agency Relationships
Missouri law does not prohibit written agency agreements which provide for duties exceeding that of a limited agent described in thispamphlet.
This brokerage authorizes the following relationships:
Broker or Entity Name and Address:
AMOSO Realty LLC226 North Main St.Ste. 1Saint Charles MO 63301
Prescribed by the Missouri Real Estate Commission as of January, 2005. This additional format prescribed October 2007.
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Your legal name
Your email address
Signed by Joseph Ord
Signed On: March 19, 2019
If you have questions about the contents of this document, you can email the document owner.
Document Name: Missouri Broker Disclosure Form
Agree & Sign