Limits choice of brokerage services
	Prohibits brokers from offering rebates to consumers

Missouri law requires real estate brokers entering into exclusive brokerage agreements to accept and present offers and counteroffers, and answer their clients’ questions in every real estate transaction.

Many MLSs in Missouri have now passed rules requiring brokers to enter into exclusive brokerage agreements, so brokers in those MLSs are prevented from offering, and their clients prevented from buying, MLS-listing-only services.

Missouri law, according to the Missouri Real Estate Commission, prohibits consumer rebates. The law prohibits unlicensed individuals from receiving part of the real estate commission and, since consumers are not licensed brokers, they cannot receive a rebate in Missouri.

Learn more about:

• Brokerage discounts: Discount Brokers Can Make Selling a Home Less Costly
• Rebates: Rebates Make Buying a Home Less Expensive

Antitrust Division documents:

Press release:

• The Justice Department and the Federal Trade Commission Urge the Governor of Missouri to Continue to Allow Consumer Choice in Real Estate Brokerage Services (05/24/2005)

Comment letter:

• Letter to Governor Blunt Re: Missouri House Bill 174 (05/23/2005)

Related documents on the Internet:

• Missouri Revised Statute §§ 339.100.(2)(13) and 399.150 prohibiting the payment of rebates according to the Missouri Real Estate Commission
• Missouri Revised Statute § 339.780(7) requiring brokers to perform minimum services