Mississippi Real Estate Commission

B. When the broker is the agent for the seller…

< All Topics

When the broker is the agent for the seller and for any reason the seller fails or is unable to consummate the transaction, the broker has no right to any portion of the earnest money deposited by the purchaser, even if a commission has been earned.  The entire amount of the earnest money deposit must be returned to the purchaser and the broker should look to the seller for compensation.

Previous A. The responsible broker is responsible at all times for earnest money…
Next C. Accurate records…
Table of Contents