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AgencyDisclosure_requirementsMEDIUM

For the Mississippi salesperson state portion, a broker will represent a seller under a listing agreement. Which statement is correct?

Correct Answer

A) The broker must disclose in writing to the seller, before the representation agreement is entered, that the broker is the seller’s agent on the MREC agency disclosure form

MREC Rule 4.3 requires written single-agency disclosure to the represented party before the representation agreement is entered. Source basis: MREC Rules and Regulations Rev. 02-21-2025, Part 1601 Chapter 4: Rule 4.2 definitions and Rule 4.3 disclosure requirements, including first substantive meeting, single agency disclosure, dual agency consent, changed agency forms, oral/unavailable signature handling, and completed disclosure forms. Checked 2026-04-30.

Answer Options
A
The broker must disclose in writing to the seller, before the representation agreement is entered, that the broker is the seller’s agent on the MREC agency disclosure form
B
The rule is only a national exam concept and does not apply to Mississippi state practice.
C
The parties may waive the rule by private agreement without any written disclosure or Commission process.
D
The licensee may proceed first and document the issue only after closing.

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Related Topics & Key Terms

Related Topics:

ms.S4disclosure_requirements

Key Terms:

mississippims.S4disclosure_requirementssingle-agency-client-before-agreement
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