Mississippi HB1656 regulates real estate brokerage agreements, requiring written agreements for certain property transfers.
Mississippi HB1656 establishes regulations for real estate brokerage agreements, requiring written agreements for property transfers involving compensation. It mandates written agreements before a licensee lists or offers a property for sale on behalf of a client. Exceptions include transfers by court order, foreclosure sales, transfers by trustees, eminent domain, and transfers between co-owners, spouses, or in lineal consanguinity. The bill also allows sellers and buyers to choose specific brokerage services by signing a brokerage agreement. This act takes effect from July 1, 2026.
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