Agency
A Mississippi real estate licensee who represents the buyer in a transaction owes a duty of loyalty to the buyer, which means:
AThe agent must always get the lowest price regardless of ethics
BThe agent must place the buyer's interests above their own and above any third party✓ Correct
CThe agent must follow all of the buyer's instructions even if illegal
DThe agent must not communicate with the seller
Explanation
Loyalty requires a buyer's agent to place the buyer's interests above all others, including the agent's own financial interest. The agent may not follow illegal instructions.
Related Mississippi Agency Questions
- Which of the following actions would most likely constitute a breach of the agent's duty of confidentiality to a seller client?
- A Mississippi seller's agent who holds an earnest money deposit in trust is obligated to:
- A Mississippi seller's agent learns that the seller is facing foreclosure and must sell quickly. The agent should:
- A Mississippi real estate agent who holds a power of attorney to sign documents on behalf of an absent seller must:
- A Mississippi listing broker places a lockbox on a listed property. This authorizes which parties to access the property?
- In Mississippi, when a licensee acts as a seller's agent, the licensee owes the seller which duties?
- A Mississippi real estate agent represents a buyer who makes an offer on a property in which the agent personally has a financial interest. The agent must:
- Mississippi's agency disclosure law requires that written agency disclosure be provided:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →