Who represents whom? Mississippi licensees must know how to answer that question in every real estate transaction in which they participate. To that end, Mississippi licensees have both common law and statutory law duties to they owe to clients, customers, fellow brokers, and the public, as well as to the Mississippi Real Estate Division. How well a licensee represents clients and minimizes liability depends on the extent to which they understand and uphold the duties of agency.

This course covers critical agency concepts that Mississippi real estate professionals must understand, including the relationship between agents and principals, agents' authority, fiduciary duties, unlawful trade practices, and creating and terminating brokerage agreements.

Upon completion of this course, you will be able to:

• differentiate between a client and a customer in a real estate transaction
• explain the fiduciary duties owed to a client
• describe the basic ways that a fiduciary relationship may be terminated
• list the ministerial and statutory duties owed a customer
• describe the different types of agents and the scope of their authority
• explain how licensees create a limited or dual agency relationship with an in-house sale
• describe the limited responsibilities that an agent has in a disclosed dual agency relationship
• discuss the disclosures that must be made regarding agency relationships, including the timing of those disclosures
• articulate the meaning of "informed consent" and its implications

Real estate professionals at all levels in their career.