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AgencyDuties_to_principalEASY

Under Mississippi agency law, what is a listing agent's obligation regarding offers received on a listed property?

Correct Answer

B) All offers must be presented to the seller in a timely manner.

A listing agent in Mississippi has a fiduciary duty to the seller that includes the obligation to present all offers promptly and in a timely manner, regardless of price or terms. The agent may not withhold, delay, or filter offers based on their own judgment about which offers are acceptable.

Answer Options
A
Only the highest offer must be presented to the seller.
B
All offers must be presented to the seller in a timely manner.
C
Offers must be ranked by price and presented in that order.
D
Only offers at or above the listing price must be presented to the seller.

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Related Topics & Key Terms

Related Topics:

fiduciary duties of a listing agentduty of loyaltyNAR Code of Ethics Article 1seller's rights in Mississippi

Key Terms:

fiduciary dutyall offerslisting agentduty of loyaltytimely presentation
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