Agency
An agent who is working with a seller under a listing agreement and then encounters a potential buyer for that same property at an open house is most likely in a position of:
ABuyer agency
BPotential dual agency if the buyer wants to purchase the listed property✓ Correct
CSubagency
DNon-agency
Explanation
If the listing agent begins assisting the buyer who is interested in the listed property, a potential dual agency situation arises. The agent must disclose this and obtain written consent from both parties before proceeding as a dual agent.
Related Mississippi Agency Questions
- In Mississippi, a transaction broker (non-agent facilitator) owes the parties to the transaction:
- Mississippi's agency disclosure law requires that written agency disclosure be provided:
- Under Mississippi agency law, which of the following would automatically terminate an agency relationship?
- In Mississippi, an agent who represents a buyer but collects compensation from the seller's broker through MLS co-op compensation is:
- A Mississippi real estate agent who represents the buyer discovers the property has significant foundation issues not disclosed by the seller. The agent's duty to the buyer requires:
- A Mississippi buyer's agent accompanies the buyer to a home inspection. During the inspection, the agent learns the seller patched a foundation crack without proper repair. This information is:
- When a Mississippi salesperson changes brokerage firms, their license must be:
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