| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | contract_only |
| What that means in practice | RSMo 339.010(1) reaches one who, for another and for compensation, sells, exchanges, purchases, rents or leases real estate, negotiates such transactions, 'buys, sells, offers to buy or sell or otherwise deals in options on real estate', or 'assists or directs in the procuring of prospects'. Crucially, the chapter EXEMPTS 'any person ... who as owner, lessor, or lessee shall perform any of the acts described ... with reference to property owned or leased by them'. The own-account exemption is express. |
| What triggers a licence requirement | Acting 'for another, and for a compensation or valuable consideration' in the sale, exchange, purchase, rental or leasing of real estate, or dealing in OPTIONS on real estate (RSMo 339.010). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Market the contract, not the property. Note the OPTIONS clause: an option we market publicly could be read as dealing in options for compensation. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE |
| tax delinquent | GO_WITH_DISCLOSURE |
the whole grid · probate in MO · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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