Missouri Legislative Bills

Yes. Missouri SB 973 was signed by the Governor on July 13, 2026 and took effect on August 28, 2026. It enacts section 407.3600, RSMo, which requires a wholesaler acting as a grantee to give the record owner a written disclosure statement before contracting for residential real property. It is a disclosure and timing requirement, not a licensing requirement — SB 973 does not require a wholesaler to hold a real estate licence.

Not less than fourteen calendar days before entering into a contract that transfers an interest in residential real property. Section 407.3600.2 sets the deadline in calendar days, not business days, and it runs before the contract rather than alongside it — so a same-day contract is not compatible with the statute.

A person or entity that, for a fee, commission, or other valuable consideration — or with the intention, expectation, or promise of collecting one — enters into a purchase contract for residential real property either as the grantee and assigns or novates the contract, or as the grantor and, without holding legal title, assigns or novates the contract. The statute excludes assignments to an individual who is a relative within the third degree of consanguinity or affinity, and assignments to a parent, affiliate, subsidiary, or affiliated group under common control.

Residential real property, which section 407.3600.1(1) defines as real property improved by a building or other structure that has one to four dwelling units.

The statute prints the language. The disclosure must be a document separate from the purchase contract, in boldface type no smaller than twelve points, and must tell the record owner that the person presenting it is a wholesaler as defined in section 407.3600; that the owner is advised to seek legal advice; that the wholesaler acts on their own behalf and does not represent the owner; that the wholesaler enters assignable contracts and seeks to sell or assign that interest for a profit; that the wholesaler may assign the interest to a third party without the owner’s consent before closing; that the wholesaler may charge the third-party buyer a separate fee; and that the agreed purchase price may be below market value and is conveyed voluntarily. It carries signature and date lines for both the owner and the wholesaler.

Yes. Under section 407.3600.3 a wholesaler acting as the grantee may not enter into a binding contract that transfers an interest in residential real property until both the wholesaler and the record owner have signed and dated the disclosure statement.

Under section 407.3600.4 the record owner may cancel the contract at any time prior to the close of escrow, without penalty, and the escrow or closing agent must disburse any earnest money paid by the wholesaler to the record owner within thirty days of the cancellation. Section 407.3600.6 also makes any violation an unlawful practice under the Missouri Merchandising Practices Act and gives a party who did not receive the disclosure a private right of action.

Yes. Section 407.3600.7 gives the Attorney General authority to enforce the section and to commence a civil action. If the court finds a violation it may grant damages, injunctive relief, attorney fees, and any other relief it finds appropriate.

No. Section 407.3600.5 states that the provisions of the section may not be modified or waived by any oral or written agreement, and that any portion of an agreement executed, modified, or extended after the effective date that modifies or waives any provision of the section is null and void.

Yes. The same bill enacts section 442.920, the Missouri Residential Sale Leaseback Protection Act. It requires a boldface disclosure to the seller not less than fourteen calendar days before executing a sale leaseback agreement, signed by both parties concurrently with execution and copied back to the seller within five days; bars any delivery, recording, or other transfer of title until thirty days after execution; provides a civil penalty of up to ten thousand dollars per violation with Attorney General enforcement; and gives a harmed seller a civil action. Its waiver provisions are void ab initio.