Agency
In Mississippi, a transaction broker (non-agent facilitator) owes the parties to the transaction:
AFull fiduciary duties to both parties
BLimited duties including honesty, accounting for funds, and providing material information, but not full fiduciary duties✓ Correct
CNo duties whatsoever
DThe same duties as a seller's agent
Explanation
A transaction broker or facilitator in Mississippi provides limited representation — typically including honesty, fair dealing, accounting for funds, and disclosing material facts — but does not owe the full fiduciary duties of loyalty, obedience, and confidentiality that an agent owes a client.
Related Mississippi Agency Questions
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- A Mississippi real estate licensee who represents the buyer in a transaction owes a duty of loyalty to the buyer, which means:
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