What Unlicensed Real Estate Virtual Assistants Can Do In Missouri
Missouri is a U.S. state that has historically served both as the boundary between the eastern US and the Midwest, as well as a key divider between the north and south halves of the country. This particular geopolitical attribute has provided the state with a great degree of economic importance since its introduction to the Union in 1821.
Real estate agents in this state enjoy a great degree of freedom, as it is historically one of the most laissez-faire states in terms of regulation in the country. Despite this fact, the real estate industry does see its fair share of state-mandated regulation, and random audits of real estate licensees are common.
Regulating The Real Estate Assistant
Whether you are a real estate agent that hires physical employees to help you in the office, or one that makes use of a virtual office assistant, the activities that can be undertaken without a real estate license are clearly defined. These include:
- Securing public information from courthouses and other state entities that release public records;
- Answering the phone on behalf of a licensee and forwarding calls;
- Following up on closed transactions and loan agreements;
- Making extra sets of keys for listed properties;
- Computing commission checks;
- Making telephone calls towards late-paying renters;
- Scheduling appointments on behalf of the licensee;
- Placing advertisements and “For sale” signs on listed properties with licensed supervision.
Following this is a list of activities that these assistants and virtual assistant companies cannot do:
- Host open houses independently of the licensee or show properties to potential clients;
- Answer any questions on property listings, filings or contractual terms;
- Negotiate commissions on behalf of a licensed real estate professional;
- Be paid any extra compensation that arises as a result of real estate activity, including commissions or bonuses for the amount of sales made;
- Hand out materials to potential clients.