339.790. Commencement of agreement, when--duties after termination of agreement. - Missouri Statutes

Commencement of agreement, when--duties after termination ofagreement.

339.790. 1. The relationships set forth in this section commence onthe effective date of the real estate broker's agreement and continue untilperformance, completion, termination or expiration of that agreement.

2. A real estate broker and an affiliated licensee owe no furtherduty or obligation after termination, expiration, completion or performanceof the brokerage agreement, except the duties of:

(1) Accounting in a timely manner for all money and property relatedto, and received during, the relationship; and

(2) Treating as confidential information provided by the clientduring the course of the relationship that may reasonably be expected tohave a negative impact on the client's real estate activity unless:

(a) The client to whom the information pertains grants writtenconsent;

(b) Disclosure of the information is required by law;

(c) The information is made public or becomes public by the words orconduct of the client to whom the information pertains or from a sourceother than the real estate brokerage or the affiliated licensee; or

(d) Disclosure is necessary to defend the designated broker or anaffiliated licensee against an action of wrongful conduct in anadministrative or judicial proceeding or before a professional committee.

(L. 1996 S.B. 664 § 9)

Effective 9-1-97