12.12 Seller's/landlord's Agency

• Library: Real Estate Practice Deskbook (2019 Ed.)

A. (§12.12) Seller's/Landlord's Agency

The duties and obligations of a licensee representing a seller or landlord as a limited agent are defined in § 339.730, RSMo 2016, as follows:

(1) To perform the terms of the written agreement made with the client;

(2) To exercise reasonable skill and care for the client;

(3) To promote the interests of the client with the utmost good faith, loyalty, and fidelity, including:

(a) Seeking a price and terms which are acceptable to the client, except that the licensee shall not be obligated to seek additional offers to purchase the property while the property is subject to a contract for sale or to seek additional offers to lease the property while the property is subject to a lease or letter of intent to lease;

(b) Presenting all...