Mississippi License Law
A Mississippi licensee who acts as a buyer's agent receives the listing broker's offer of compensation through the MLS. Under Mississippi law and NAR rules, the buyer's agent compensation is:
AAlways 3% and non-negotiable
BA matter of negotiation between the brokers and/or between the buyer and buyer's agent per their buyer agency agreement✓ Correct
CSet by MREC in a published fee schedule
DAlways paid by the seller with no buyer option to negotiate
Explanation
Real estate commissions and compensation are always negotiable under federal antitrust law and are not set by MREC or any trade association. The amount a buyer's agent receives is subject to negotiation between brokers and between the buyer and their agent per their written buyer agency agreement.
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