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.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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