12.7 Presumptions of Brokerage Relationships
| Library | Real Estate Practice Deskbook (2019 Ed.) |
A. (§12.7) Presumptions of Brokerage Relationships
Absent a written brokerage service agreement to the contrary, a licensee whose activities with a consumer constitute brokerage activity will be considered a transaction broker. Section 339.720.2, RSMo 2016. The general concept of the "transaction broker" status is that it is not an agency relationship. Rather, the licensee acting as a transaction broker assists the client in a limited fiduciary capacity with regard to the transaction. While not truly a...
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