Robert Huang is a licensed real estate broker in Kansas who regularly assists clients with properties along the Missouri-Kansas border. A client asks Robert to list a property located entirely within Missouri. Robert is not licensed in Missouri. Which of the following best describes Robert's legal options under Missouri law?
Correct Answer
B) Robert may co-broker the transaction with a licensed Missouri broker through a written referral or cooperative agreement, with compensation flowing through the Missouri broker
Missouri does not have a formal reciprocity agreement that automatically grants out-of-state licensees the right to practice in Missouri. An unlicensed-in-Missouri broker like Robert cannot directly list Missouri property. However, Robert may legally participate in the transaction by entering into a written co-brokerage or referral agreement with a licensed Missouri broker, with all compensation channeled through the Missouri licensee. This is the standard mechanism for out-of-state broker participation under RSMo Chapter 339.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
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