HCS HB 174 -- REAL ESTATE LICENSES

SPONSOR:  Behnen (Wood)

COMMITTEE ACTION:  Voted "do pass" by the Committee on
Professional Registration and Licensing by a vote of 12 to 0.

This substitute requires license revocation, or in the case of an
applicant, prohibits the issuance of a real estate license if the
licensee or applicant has been found guilty of certain felonies.

The definition of "exclusive brokerage agreement" is added to
allow a real estate broker to act as the exclusive limited agent
on behalf of their client provided that the parties have entered
into a written agency agreement.  Certain services which must be
provided by a broker who has entered into an exclusive brokerage
agreement are specified.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

PROPONENTS:  Supporters say that this is a consumer protection
bill.  Recently, the Administrative Hearing Commission overturned
a ruling by the Missouri Real Estate Commission revoking and
denying a license to a sex offender.  The Missouri Real Estate
Commission and people in the industry don't want sex offenders to
have access to people's homes.  Exclusive brokerage agreements
are being conducted mainly through electronic means by brokers
from out of state, and there should be a real person involved
when handling these matters.

Testifying for the bill were Representative Wood; Missouri Real
Estate Commission; and Missouri Association of Realtors.

OPPONENTS:  There was no opposition voiced to the committee.

Bob Dominique, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm