Agency
A Mississippi licensee who is also the property owner lists their own property. They must disclose to buyers that they are:
ANot required to disclose since they are selling their own property
BA licensed real estate agent who is the seller/owner of the property✓ Correct
CAn agent acting on behalf of an unnamed principal
DA buyer's agent acting on behalf of themselves
Explanation
When a licensee is selling property they own, they must disclose to prospective buyers that they are a licensed real estate agent and that the property they are selling is their own. This disclosure ensures buyers understand they are dealing with a real estate professional who has specialized knowledge and advantages.
Related Mississippi Agency Questions
- Under Mississippi agency law, an agent's authority that arises from the reasonable belief of a third party based on the principal's conduct is called:
- A Mississippi real estate licensee who represents the buyer in a transaction owes a duty of loyalty to the buyer, which means:
- An undisclosed dual agency in Mississippi is:
- Which of the following actions would most likely constitute a breach of the agent's duty of confidentiality to a seller client?
- An 'exclusive agency' listing in Mississippi differs from an 'exclusive right to sell' listing in that:
- A Mississippi licensee working with a buyer without a buyer representation agreement most likely owes the buyer:
- Under Mississippi agency law, which of the following would automatically terminate an agency relationship?
- When a Mississippi salesperson changes brokerage firms, their license must be:
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