As a compensation for his services, any person selling property at auction under any writing, instrument or deed made or executed for securing the payment of any debt shall receive a commission on the amount of sales not exceeding two percent on the first one thousand dollars, and one percent on all sums over that amount and under five thousand dollars, and one-half of one percent on all sums over that amount.
Mo. Rev. Stat. § 443.360
Compensation of trustees under trust deeds
Known as the Missouri Secure and Fair Enforcement for Mortgage Licensing Act
The act spans §§ 443–443 (128 sections).
Applied in 1 court decision — leading case In Re Major (1998)
Most recently applied in In Re Major (March 1998)
Effective: 28 Aug 1939; (RSMo 1939 § 3479); Prior revisions: 1929 § 3092; 1919 § 2251; 1909 § 2856
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.