Sarah is a licensed salesperson at Magnolia Realty in Jackson, Mississippi. She receives a call from Marcus, a buyer who wants to tour a home listed by her firm. Before showing the property, Sarah explains to Marcus that her firm represents the seller. Marcus says he understands and still wants to see the home. What is Sarah's agency obligation to Marcus at this point under Mississippi law?
Correct Answer
B) Sarah must treat Marcus as a customer and provide honest, fair dealing without full fiduciary duties
Under Mississippi agency law (Miss. Code Ann. §73-35-21 et seq.), when a licensee represents the seller and a buyer has been informed of this relationship, the buyer is treated as a 'customer' rather than a 'client.' The licensee owes the customer honesty and fair dealing but does not owe full fiduciary duties such as loyalty or confidentiality. Sarah may show the property while representing the seller's interests.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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