Missouri Broker Disclosure Form Has a Specific Trigger

Missouri allows dual agency, designated agency, and transaction brokerage simultaneously, and the exam tests which framework applies in each scenario directly.

Missouri's Broker Disclosure Act, its parallel dual and designated agency options, and the duties of a transaction broker are three areas where state-specific rules dominate the exam. Generic prep leaves candidates unprepared for all three.

The MREC governs real estate licensing in Missouri. The PSI exam tests 60 state specific questions alongside 80 national questions, with a minimum passing score of 70%. Missouri has one of the larger state question counts, which means these three topics carry more weight than they would in a state with a smaller state portion.

Missouri Broker Disclosure Act

The Missouri Broker Disclosure Form has a specific trigger, "first substantial contact," and candidates who assume it works like an agency agreement or disclosure form in other states miss the key point that it creates no agency relationship at all. Let me break this down: the form informs. It does not bind. That distinction is exactly what the MREC tests.

The Broker Disclosure Form must be delivered at earliest practicable opportunity during or after first substantial contact, students miss that this form is purely informational and does not create an agency relationship.

The exam tests both the delivery timing and the form's purpose. Knowing when to deliver it isn't enough if you also answer incorrectly about what the form actually does.

Dual Agency vs. Designated

Missouri permits both dual agency and designated agency, and the exam tests them as distinct structures with different consent requirements. Candidates who treat them as interchangeable lose multiple questions. The exam doesn't reward overthinking, but it does reward precision: these are two different legal structures with two different consent requirements, and swapping them produces a wrong answer every time.

Missouri allows both dual agency and designated agency, dual agency requires written consent from all parties while designated agency assigns different licensees within the same firm to each side, and confusing these two is the most common state-portion mistake.

Know the written consent requirements for dual agency, the criteria that determine when designated agency is available, and what each structure means for the duties owed to each party.

These two agency structures exist side-by-side in Missouri, and the MREC writes questions specifically designed to test whether candidates can distinguish one from the other, not just define them in isolation.

Dual agency versus designated agency is one of the most tested distinctions in agency law. North Dakota addresses dual agency under its own agency disclosure timing rules, and Indiana uses "in-house agency" to describe situations where one firm represents both sides. Missouri's Broker Disclosure Act handles this differently from both.

Transaction Broker Duties

Missouri's transaction broker sits outside the agency relationship entirely, with no fiduciary duties and no imputed knowledge. Candidates trained on fiduciary-first frameworks consistently apply the wrong duty set.

Missouri's transaction broker provides services without an agency or fiduciary relationship, and there's no imputation of knowledge between the parties and the broker, students who apply fiduciary duty concepts answer incorrectly every time.

Know the specific duties a Missouri transaction broker does and does not owe, because the MREC tests scenarios where the answer turns on that distinction rather than the broader question of whether a fiduciary exists.

Transaction brokerage is a structure that Missouri candidates must understand on its own terms. Importing agency duty frameworks from other study materials will produce wrong answers on every question where knowledge imputation is the issue.