Agency
Mississippi law requires real estate licensees to provide an agency disclosure:
AOnly at closing
BAt the first substantive contact with a prospective client✓ Correct
COnly in transactions involving more than $500,000
DOnly when representing buyers
Explanation
Mississippi requires licensees to disclose their agency relationship at the first substantive contact with a prospective buyer or seller so consumers understand who represents their interests.
Related Mississippi Agency Questions
- When must a Mississippi licensee provide an agency disclosure to a prospective client?
- A Mississippi seller's agent must disclose to a buyer any:
- 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?
- Dual agency in Mississippi requires all of the following EXCEPT:
- When a Mississippi salesperson changes brokerage firms, their license must be:
- Which of the following actions would most likely constitute a breach of the agent's duty of confidentiality to a seller client?
- In Mississippi, an 'exclusive right to sell' listing gives the broker:
- A Mississippi buyer asks their agent to submit an offer $30,000 below asking price. The agent believes the offer is too low and unlikely to be accepted. The agent should:
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