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This disclosure is to enable you, a prospective buyer, seller, tenant or landlord of real estate, to make an informed choice BEFORE 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.
PURPOSE: This rule implements a statutory requirement that licensees must present agency alternatives to the public using a Broker Disclosure Form prescribed by the Missouri Real Estate Commission.
The statement should: Give details of your offence and the circumstances surrounding it. Highlight what makes you suitable for the role, i,e, your previous skills and experience. Demonstrate how you have moved on or changed since your offence.
The Broker Disclosure form must be presented in a residential transaction at the earliest practicable opportunity upon the first substantial contact.
To add further confusion, some non-disclosure states may have counties that are full disclosure. The current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.
In the state of Missouri, any property owner looking to sell a real estate property must disclose all known material information and defects about the real estate to the prospective buyer upfront. The disclosure should be written and legally documented ? using the Seller's Disclosure Statement for Residential Property.
A licensee who becomes a transaction broker pursuant to 339.710(19)(c), RSMo, shall disclose this transaction broker status immediately upon its occurrence to all parties to the real estate transaction to be confirmed in writing prior to the execution of the contract.