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A transaction broker must disclose any adverse material facts which are actually know about the property.
Dual agency is a situation where one real estate agent represents both the seller and buyer or both the tenant and landlord in a real estate transaction.
Which of the following elements is required in a Missouri buyer representation agreement? Missouri buyer rep agreements must include a description of the property the buyer seeks, as well as the commission to be paid, definite beginning and ending dates, and the parties signatures.
Which of the following must be included in the written confirmation of brokerage services in Missouri? The written confirmation of brokerage relationships must identify the licensees brokerage relationship(s) and compensation source(s), and be signed and dated by the seller, buyer, and the disclosing licensee(s).
A dual agent is an individual who acts as both the buyers and sellers agent in a transaction. It is easy to confuse dual agents with designated agents. But unlike a dual agent, designated agents are two separate individuals representing the buyer or the seller.
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MISSOURI BROKER DISCLOSURE FORM. This disclosure is to enable you, a prospective buyer, seller, tenant or landlord of real estate, to make an informed choice BEFORE working with a real estate licensee. Missouri law allows licensees to work for the interest of one or both of the parties to the transaction.
Which of the following must be included in the written confirmation of brokerage services in Missouri? The written confirmation of brokerage relationships must identify the licensees brokerage relationship(s) and compensation source(s), and be signed and dated by the seller, buyer, and the disclosing licensee(s).
A real estate licensee may provide real estate service to any party in a prospective transaction without an agency or fiduciary relationship to one or more parties to the transaction. Such licensee shall be called a transaction broker.
(1) deal honest and fairly; (2) disclose all known facts that materially affect the value of residential real property that are not readily observable to the buyer; and (3) account for all funds entrusted to the licensee.
The brokerage disclosure is a written explanation signed by the prospective buyer or seller of real estate, which clearly explains the brokers role in the transaction.

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