Bill > SB2713

This bill allows consumers who are buying or selling real estate to choose specific services from a real estate company by signing a brokerage agreement, which must clearly outline the services and how the company and its agents will be paid. Importantly, a real estate agent, or "licensee," will not be required to have a signed agreement with a prospective buyer just to show them a property, meaning a buyer can tour a home without a formal contract. However, a written agreement will be necessary before an agent can list a property for sale or submit an offer on behalf of a client or customer for a fee, though exceptions exist for sellers' agents holding open houses or presenting offers for buyers without receiving compensation from the buyer. These provisions primarily apply to residential properties with one to four dwelling units, but exclude various types of property transfers such as those ordered by a court, foreclosure sales, transfers to a lender due to default, transfers by a fiduciary in estate or trust administration, transfers between co-owners or to immediate family members, transfers resulting from divorce, transfers involving government entities, and transfers of land without a dwelling.

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https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2713.xml