Under Missouri law, when must a licensee first provide the 'Missouri Broker Disclosure Form' to a prospective buyer who contacts the licensee about a listed property?
Correct Answer
B) At the first substantive contact with the prospective buyer
Missouri law (RSMo § 339.780) requires that a licensee provide the Missouri Broker Disclosure Form at the time of first substantive contact with a prospective buyer or seller. 'First substantive contact' means the point at which meaningful discussion about a specific property or the buyer's needs begins, ensuring the consumer understands the agency relationship before any meaningful information is exchanged.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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