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Salesperson Greg works for Coastal Realty in Gulfport, Mississippi. He shows a buyer, Tina, several homes listed by other firms. Greg has not provided Tina with any written agency disclosure and has not asked her to sign a buyer representation agreement. Tina makes an offer on a home, and the deal closes. Under Mississippi law, which of the following best describes the agency relationship that existed between Greg and Tina?

Correct Answer

D) Greg violated Mississippi agency disclosure law by failing to provide a written disclosure at first substantive contact

Under Miss. Code Ann. §73-35-21 et seq., Mississippi requires licensees to provide a written agency disclosure statement to prospective buyers and sellers at or before the first substantive contact. Greg's failure to provide this written disclosure is a violation of Mississippi agency law, regardless of how the transaction ultimately concluded. Greg may face disciplinary action by MREC for this failure.

Answer Options
A
Greg was Tina's designated agent because he showed her properties exclusively
B
Greg was acting as a sub-agent of the sellers of each property he showed Tina
C
Greg was Tina's implied buyer's agent because he worked solely in her interest throughout the process
D
Greg violated Mississippi agency disclosure law by failing to provide a written disclosure at first substantive contact

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Related Topics & Key Terms

Key Terms:

agency_disclosurewritten_disclosureviolationmrecfirst_substantive_contact

Related Concepts

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.

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