Agency
In Mississippi, when a buyer's agent and seller's agent are both from the same brokerage and a transaction occurs between their respective clients, the broker must:
AWithdraw from representing one party
BDisclose the dual agency situation and obtain informed written consent from both the buyer and seller✓ Correct
COnly disclose to the party paying the commission
DConvert to subagency automatically
Explanation
When one brokerage represents both sides of a transaction (in-house dual agency), Mississippi law requires disclosure of the dual agency and written consent from both the buyer and seller. Without this disclosure and consent, the dual agency is unauthorized and violates the agent's fiduciary duties.
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