Creates and modifies provisions relating to real estate transactions

Changed the required disclosure language from 'certain disclosures by a real estate wholesaler' to 'certain written disclosures for real estate transactions' to apply the rule more broadly.

Added a new section creating the 'Missouri Residential Sale Leaseback Protection Act' with specific definitions for buyers, sellers, and sale-leaseback transactions.

Mandated a single-page, boldface disclosure warning sellers they will no longer own their home, may face eviction, and could lose the right to buy back the property.

Established a mandatory 30-day waiting period between signing the agreement and the transfer of title or closing of the sale.

Created enforcement mechanisms including civil penalties of up to $10,000 per violation, attorney general authority to sue, and private rights of action for sellers to recover damages and fees.

Added specific definitions for 'Buyer', 'Seller', 'Residential real estate', and 'Sale leaseback' to clarify the types of transactions covered.

Removed a previous amendment that would have changed the definition of 'related by blood' to include relatives within the third degree of consanguinity or affinity.

Mandated a clear, boldface disclosure statement explaining the risks of sale-leaseback agreements, including potential eviction and credit impact, which must be provided at least 14 days before signing.

Established a mandatory 30-day waiting period between signing the agreement and the actual transfer of property title.

Created civil penalties of up to $10,000 per violation and allowed sellers to sue for actual damages, statutory damages, and attorney fees.

The definition of 'relative' was expanded from 'related by blood' to 'within the third degree of consanguinity or affinity', allowing family members connected by marriage to assign contracts without triggering wholesaler disclosure requirements.

The bill text was renumbered and formatted to reflect its progression from a Senate Substitute to a Senate Amendment.

Expanded the bill to amend two chapters (407 and 442) instead of just one, adding three new sections total.

Refined the definition of who is excluded from being considered a 'wholesaler' to include relatives within the third degree of consanguinity or affinity, broadening the protection for family members.

Updated the document header and title to reflect the 'Perfected' Senate Substitute status and introduced the bill by Senator Trent.

Removed all provisions related to political subdivisions, charter public schools, and unused school facilities.

Removed provisions regarding public entities' right of first refusal on unused school facilities.

Added specific definitions for 'residential real property' (1-4 dwelling units) and 'wholesaler' (entities entering purchase contracts to assign them to others for a fee).

Added a requirement for wholesalers to provide a specific written disclosure statement in bold print at least 14 days before entering a contract.

Added a requirement that the disclosure statement must be signed and dated by the property owner before a binding contract can be formed.

Added provisions allowing property owners to cancel contracts without penalty if disclosures were not made and granting the Attorney General authority to enforce the law.

Added new sections to Chapters 160 and 162 to protect charter schools from restrictive deed clauses and to grant public entities a right of first refusal on unused school facilities.

The original text requiring wholesalers to provide specific disclosure statements was retained but is now just one part of a larger legislative package.

Added provisions stating that any ordinance, policy, or contract violating the new charter school and public entity rules is automatically void from its inception.

Added new definitions for 'political subdivision' and 'unused facility' to clarify which entities and properties are covered by the new rules.