HB714 - REAL ESTATE DISCLOSURE - Treadway, Joseph L.
HB714 ADDS TRANSACTION BROKERS TO REAL ESTATE AGENTS AND BROKERS DISCLOSURE PROVISIONS.
Sponsor: Treadway, Joseph L. (96) Effective Date:10/01/98
CoSponsor: LR Number:1411-01
Last Action: 02/24/97 - Referred: Professional Registration & Licensing (H)
02/24/97 - Referred: Professional Registration & Licensing (H)
HB714
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT FISCAL NOTES
HOUSE HOME PAGE BILL SEARCH

Available Bill Summaries for HB714
| Introduced |


Available Bill Text for HB714
| Introduced |

Available Fiscal Notes for HB714
****** NO FISCAL NOTES AVAILABLE AT THIS TIME ******

BILL SUMMARIES

INTRODUCED

HB 714 -- Real Estate Disclosure

Sponsor:  Treadway

This bill establishes the designation of transaction broker for
real estate licensees.  Real estate licensees acting in a third
party capacity without entering into a written agreement with
any of the interested parties will be known as transaction
brokers.

The bill contains provisions relating to the duties of the
transaction broker, which include performing the terms of the
agreement, presenting offers and counter offers, keeping the
interested parties informed of activities, accounting for money
and property received, not disclosing to opposite parties
discussions regarding willingness to pay or accept, not
disclosing motivating factors for buying or selling, and not
disclosing confidential information unless it is required by law.

The bill also allows transaction brokers to show alternative
properties, list competing properties, and serve in different
agent capacities.


redbar

Missouri House of Representatives' Home Page
Last Updated August 11, 1997 at 4:19 pm