How many criteria must exist for a situation to be regarded as "affiliated business" under Missouri law?

In Missouri, for a situation to be regarded as an "affiliated business," three specific criteria must be met. This regulation is crucial as it helps define the relationships between businesses involved in real estate transactions, ensuring that consumers are well-informed about potential conflicts of interest.

The three criteria typically involve ownership or control relationships between businesses, which ensures that both the title insurance company and the real estate service provider have a significant financial interdependence. This framework is intended to protect consumers by requiring disclosures when affiliations exist, thereby facilitating transparency and preventing abuses of power in real estate transactions. Understanding these criteria is vital for functioning accurately within Missouri's title insurance and real estate laws.