Under Mississippi law, dual agency requires written informed consent from both the buyer and the seller. Which of the following is NOT a permissible action for a Mississippi dual agent after obtaining written consent from both parties?
Correct Answer
A) Informing the seller of the buyer's maximum price limit shared in confidence
Under Mississippi agency law (Miss. Code Ann. §73-35-21 et seq.), even after obtaining written dual agency consent, a dual agent is expressly prohibited from disclosing one party's confidential negotiating information to the other party. Revealing the buyer's maximum price limit — information shared in confidence — to the seller would be a direct breach of the dual agent's duty of confidentiality to the buyer and is not permissible regardless of dual agency consent.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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.
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