Place of Business

PURPOSE: This rule affirms the fact that a broker who holds him/ herself out to the public as a broker must clearly identify him/ herself and his/her location and maintain regular business hours. (1) Every resident broker, except those who have placed their licenses on inactive status or those not actively engaged in real estate business, shall maintain a regularly established place of business in this state, which shall be open to the public during usual business hours or at regular stated intervals. No salesperson may be associated with a broker not maintaining a regularly established place of business or a broker not actively engaged in the real estate business. This rule does not apply to a broker-salesperson or to broker-partners, broker-associates or broker-officers of a firm which maintains a regular place of business. (2) A broker’s business sign of sufficient size to identify it and bearing the name under which the broker or the broker’s firm is licensed, or the regular business name, shall be displayed outside of the broker’s regular place of business. AUTHORITY: section 339.120, RSMo Supp. 1993.* This rule originally filed as 4 CSR 250-8.010. Original rule filed Nov. 14, 1978, effective Feb. 11, 1979. Amended: Filed March 14, 1984, effective June 11, 1984. Amended: Filed Oct. 2, 1985, effective Dec. 26, 1985. Amended: Filed Feb. 2, 1994, effective Aug. 28, 1994. Moved to 20 CSR 2250-8.010, effective Aug. 28, 2006. ** *Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993. **Pursuant to Executive Order 21-07, 20 CSR 2250-8.010, section (1) was suspended from April 17, 2020 through April 12, 2021.