12.8 Brokerage Service Agreements

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

B. (§12.8) Brokerage Service Agreements

While there is presumption of transaction brokerage, best practices dictate that the broker enter into written agreements relating to the brokerage relationships with clients. In fact, § 339.780, RSMo 2016, mandates that brokers enter into written agreements for all types of statutory brokerage relationships; these agreements must specify the licensee's duties and responsibilities as set forth in the statutes, the terms of compensation, and, for limited agency...