Agency
A Mississippi real estate licensee who earns compensation from both the buyer and seller in the same transaction must:
AReturn one of the commissions to MREC
BObtain the informed written consent of both parties before accepting compensation from both sides✓ Correct
COnly accept the higher of the two commissions
DChoose which party to represent before accepting any compensation
Explanation
Accepting compensation from both buyer and seller (dual compensation) requires full disclosure and written consent from both parties. This ensures both parties understand the arrangement and any potential conflicts of interest.
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