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MissouriSB9732026 Regular SessionSenateWALLET

Creates and modifies provisions relating to real estate transactions

Sponsored By: Curtis Trent (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

More protection when homeowners sell and stay

Missouri protects individual homeowners who sell a one-to-four-unit property and rent it back to stay or return. The property must be or have been the seller’s residence. Buyers must give sellers a one-page, bold disclosure at least 14 calendar days before signing the sale-leaseback agreement. It warns about lost ownership, eviction, lost buyback rights, and credit, tax, and legal risks. It also advises getting legal, real estate, housing, tax, and appraisal advice. Both parties must sign the disclosure when signing the agreement; buyers must give sellers a copy within five days. Closing, delivery or recording of the deed, and title transfer must wait until 30 days after signing. Harmed sellers can seek actual damages, $10,000 in statutory damages, attorney fees, costs, and court orders to address violations. The Attorney General can seek restitution, court orders, and civil penalties of up to $10,000 per violation. Contracts signed, changed, or extended after the law’s effective date cannot waive or change these duties or remedies.

Home sellers gain safeguards against wholesalers

Missouri regulates paid wholesalers who pass purchase contracts to another party without taking ownership of one-to-four-unit residential property. A wholesaler acting as buyer must give the owner a separate disclosure at least 14 calendar days before contracting. The disclosure must use bold type of at least 12 points. Both parties must sign and date it before the wholesaler enters a binding contract. Assignments to relatives within the third degree or qualifying parent, subsidiary, affiliate, or commonly controlled businesses are exempt. If the wholesaler acting as buyer fails to disclose, the owner can cancel before closing without penalty. The escrow or closing agent must pay the wholesaler’s earnest money to the owner within 30 days after cancellation. Violations are unlawful practices under Missouri’s consumer protection law, with Attorney General enforcement and private lawsuits available. Contracts signed, changed, or extended after the law’s effective date cannot waive or change these duties or remedies.

Charter schools gain property use protections

Missouri local governments, including school districts, cannot block lawful charter-school educational use of property they sell, lease, or transfer. The ban covers ordinances, policies, contracts, deed restrictions, and similar limits. Existing restrictions are void when they bar future charter-school educational use of property previously used for education. New documents that violate the rule are void from the start.

Public bodies get first chance at schools

Public bodies get the first chance to buy or lease qualifying unused school buildings before private deals proceed. A building qualifies when it has no academic, extracurricular, administrative, or sports use and no board-approved written future-use plan. Districts must include this right in private sale or lease contracts and post required information after accepting an offer. Public bodies have 60 days after notice to accept and six months after their written offer to complete a deal. Deals can be negotiated at fair market value or below, with negotiated lease terms. If several public bodies are interested, the district chooses the buyer or tenant. Public tenants must pay utilities, insurance, maintenance, property taxes, and repairs. A public body leasing the whole facility can borrow for improvements; the district’s property interest ranks behind that debt. A public buyer that later sells must first offer the building back to the original district using the same process.

Sponsors & Cosponsors

Sponsor

  • Curtis Trent

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 21 • No: 4

House vote • 5/11/2026

Reported Do Pass

Yes: 8 • No: 0

House vote • 4/23/2026

Reported Do Pass

Yes: 7 • No: 1

House vote • 4/1/2026

HCS Reported Do Pass

Yes: 6 • No: 3

Actions Timeline

  1. Delivered to Secretary of State (G)

    7/13/2026

  2. Approved by Governor (G)

    7/13/2026

  3. Delivered to Governor

    5/28/2026

  4. Signed by House Speaker

    5/28/2026House

  5. House Message

    5/15/2026House

  6. Truly Agreed To and Finally Passed

    5/15/2026

  7. House Adopts Conference Committee Report

    5/15/2026House

  8. House Submits Conference Committee Report

    5/15/2026House

  9. Taken Up

    5/15/2026

  10. Reported Do Pass - AYES: 8 NOES: 0 PRESENT: 0

    5/11/2026House

  11. Voted Do Pass

    5/11/2026House

  12. Executive Session Completed

    5/11/2026House

  13. Referred: Fiscal Review

    5/7/2026House

  14. House Distributes Conference Committee Report

    5/7/2026House

  15. House Message

    5/4/2026House

  16. House Conference Committee Appointed - REPRESENTATIVES BROWN, HRUZA, VIOLET, KIMBLE, BUTZ

    5/4/2026House

  17. House Message

    5/4/2026House

  18. House Refuses to Recede, Grants Conference

    5/4/2026House

  19. Taken Up

    5/4/2026

  20. Taken Up

    4/30/2026

  21. Reported to the Senate with... - HCS, as amended

    4/30/2026House

  22. Third Read and Passed with Amendments - with HA 1

    4/29/2026House

  23. HCS Adopted

    4/29/2026House

  24. Title of Bill - Agreed To

    4/29/2026

  25. Taken Up for Third Reading

    4/29/2026House

Bill Text

  • Committee Substitute

    PDF

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