Agency
Which of the following best describes a 'facilitator' or 'transaction broker' in a Mississippi real estate transaction?
AAn agent who represents the seller exclusively
BA neutral party who assists both buyer and seller without acting as an agent for either✓ Correct
CA buyer's agent who also handles escrow
DA broker who manages foreclosure properties
Explanation
A facilitator (transaction broker) assists both parties in completing a transaction but does not represent either party as a fiduciary agent. They provide limited assistance—coordinating paperwork and information—without the fiduciary duties of full agency.
Related Mississippi Agency Questions
- A Mississippi seller's agent who holds an earnest money deposit in trust is obligated to:
- Mississippi law requires real estate licensees to provide an agency disclosure:
- Under Mississippi agency law, which duty requires a licensee to place the client's interests above all others, including the licensee's own financial interest?
- An agent who represents neither the buyer nor the seller but helps both parties complete a transaction is called a:
- Which of the following statements about subagency in Mississippi is MOST accurate?
- To create a valid dual agency in Mississippi, a licensee must:
- Under Mississippi law, the duty of accounting requires an agent to:
- When does an agency relationship typically terminate in Mississippi real estate?
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