Missouri REALTORS® helped advance two significant pieces of legislation this session that protect homeowners, strengthen communities, and create new opportunities for buyers and REALTORS® across the state. Both take effect August 28, 2026.
WIN: SB 973 — Wholesaling Disclosure Requirements
For too long, residential wholesalers have been able to enter into contracts with property owners — often those in distressed situations — without clearly disclosing the nature of the transaction. That changes August 28.
Missouri Senate Bill 973 now requires wholesalers to provide property owners with a written disclosure at least 14 calendar days before any contract transferring an interest in residential real property is executed. Both parties must sign and date the disclosure, and these protections cannot be waived by any agreement.
This is a major step forward for transparency and consumer protection in Missouri real estate. Missouri REALTORS® supported this legislation because informed sellers are better positioned to make decisions that serve their own best interests.
WIN: SB 973 — Land Bank Modernization
Vacant lots. Abandoned properties. Tax-delinquent parcels dragging down neighborhoods and limiting housing options. Missouri communities now have a stronger set of tools to address all of it.
SB 973 modernizes Missouri's land bank laws by allowing local governments with populations of 1,500 or more to form their own land bank for the purpose of taking tax delinquent or abandoned properties and returning them to productive use through a subsequent sale. Counties can now opt in to a judicial foreclosure process that clears title issues before a public tax auction. More properties cleared of title and tax issues means more inventory returning to the market, stronger neighborhoods, and new homeownership opportunities.
Missouri REALTORS® supported this legislation because a stronger housing market benefits everyone.
Also Taking Effect August 28: SB 834/SB 973/HB 2636 — Missouri Residential Sale Leaseback Protection Act
Senate Bill 834, Senate Bill 973, and House Bill 2636 also take effect August 28, enacting the Missouri Residential Sale Leaseback Protection Act (MRSLPA). The law requires buyers in residential sale leaseback transactions to provide sellers with a written disclosure at least 14 calendar days before execution and establishes a mandatory 30-day waiting period before any transfer of title.
MRSLPA primarily targets investors and others who may not be licensed. However, it may also affect certain transactions where licensed real estate professionals are involved — particularly where a seller needs to maintain possession of the property after closing. REALTORS® in those situations should consult legal counsel to ensure compliance with both existing Missouri license law and the new requirements.
Missouri REALTORS® is currently working on a disclosure form to assist with compliance, and we expect it to be available soon.
To learn more and access the FAQ's we've created, visit: missourirealtor.org/advocacy/legislative-updates
Questions? Contact Missouri REALTORS® Government Affairs or call Legal Line at 573-447-5278.