SB 435 - Under this act, a real estate broker may pay compensation directly to a business entity, as defined in the act, owned by a licensed real estate salesperson or broker-salesperson formed for the purpose of receiving compensation earned by such licensee.

The business entity shall not be required to be licensed and may be co-owned by an unlicensed spouse, a licensed spouse associated with the same broker as the licensee, or one or more other licensees associated with the same broker as the licensee.

MATT KIMMINAU

Statutes affected:
Introduced (1963S.01): 339.150

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 435
Sponsor: Hoskins
Hearing Date: 3/2/2021


COMMITTEE: Small Business and Industry

CHAIRMAN: Burlison

DATE REFERRED: 2/25/2021 DATE HEARING REQUESTED: 2/25/2021



STAFF:
Ryan Clearwater
Rob Krosley
Matthew Smith
Scott Svagera


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Arnie C. AC "Honest-Abe"" Dienoff - Self
Jason Zamkus - Missouri Realtors Association


WITNESSES AGAINST: