Agency
An 'exclusive agency' listing in Mississippi differs from an 'exclusive right to sell' listing in that:
AThe seller can cancel it at any time
BThe seller retains the right to sell the property themselves without paying the broker a commission✓ Correct
CThe broker represents both buyer and seller
DThe listing term cannot exceed 90 days
Explanation
Under an exclusive agency listing, the broker is the only agent authorized to sell, but the seller retains the right to find their own buyer and sell without owing a commission. Under exclusive right to sell, the seller owes a commission regardless of who finds the buyer.
Related Mississippi Agency Questions
- An agent who represents neither the buyer nor the seller but helps both parties complete a transaction is called a:
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- In Mississippi, an 'exclusive right to sell' listing gives the broker:
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