Agency
Under Mississippi agency law, if a seller's agent inadvertently misrepresents a property condition based on incorrect information provided by the seller, the agent may be liable for:
ANo liability since the seller provided the false information
BInnocent or negligent misrepresentation if the agent had reason to know the information was incorrect or failed to verify it✓ Correct
CCriminal fraud only
DOnly the seller is liable for false information they provided
Explanation
Even inadvertent misrepresentation can create agent liability. An agent who repeats false information without verification may be liable for negligent misrepresentation if they had reason to question the information or failed to perform due diligence.
Related Mississippi Agency Questions
- In Mississippi, a transaction broker (non-agent facilitator) owes the parties to the transaction:
- In Mississippi, when an agent acts as a 'dual agent' in a transaction, the agent's obligations to the parties in terms of pricing information include:
- Under Mississippi law, an agency relationship can be terminated by all of the following EXCEPT:
- A Mississippi buyer's agent accompanies the buyer to a home inspection. During the inspection, the agent learns the seller patched a foundation crack without proper repair. This information is:
- A Mississippi licensee acting as a buyer's agent presents a property to their buyer that the licensee personally co-owns. The licensee must:
- In Mississippi, an agent who represents a buyer but collects compensation from the seller's broker through MLS co-op compensation is:
- A Mississippi seller's agent who has been asked by the seller to 'show my property in the best light possible' should understand this request means:
- An agent who enters into a buyer representation agreement owes the buyer the duty of 'reasonable care.' This means the agent must:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →