AN ACT TO AMEND SECTION 73-35-4.1, MISSISSIPPI CODE OF 1972, TO REVISE LIABILITY FOR A REAL ESTATE LICENSEE REGARDING DISCLOSURE OF THE SIZE OR AREA OF PROPERTY; TO AMEND SECTIONS 89-1-503 AND 89-1-505, MISSISSIPPI CODE OF 1972, TO REVISE LIABILITY FOR FAILURE OF A TRANSFEROR OF REAL PROPERTY TO PROVIDE CERTAIN INFORMATION; TO AMEND SECTIONS 89-1-507 AND 89-1-515, MISSISSIPPI CODE OF 1972, TO REMOVE REFERENCES TO AGENTS OF TRANSFERORS OF REAL PROPERTY; TO AMEND SECTION 89-1-519, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NO PERSON OR ENTITY SHALL BE DEEMED THE AGENT OF THE TRANSFEROR OR TRANSFEREE FOR PURPOSES OF THE DISCLOSURE REQUIREMENTS OF SECTIONS 89-1-501 THROUGH 89-1-523; TO AMEND SECTION 89-1-523, MISSISSIPPI CODE OF 1972, TO REVISE LIABILITY REGARDING SECTIONS 89-1-501 THROUGH 89-1-523; TO AMEND SECTION 73-35-21, MISSISSIPPI CODE OF 1972, TO REVISE THE AUTHORITY OF THE REAL ESTATE COMMISSION REGARDING; TO REPEAL SECTIONS 89-1-521 AND 89-1-525, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR CERTAIN DISCLOSURES AND PENALTIES OF LICENSED REAL ESTATE BROKERS AND SALESPERSONS; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 73-35-4.1, 89-1-505, 89-1-523, 89-1-527
Committee Substitute: 73-35-4.1, 89-1-505, 89-1-523, 89-1-527, 89-1-503, 89-1-507, 89-1-515, 89-1-519, 89-1-525, 73-35-21, 73-35-23
As Passed by the Senate: 73-35-4.1, 89-1-505, 89-1-523, 89-1-527, 89-1-503, 89-1-507, 89-1-515, 89-1-519, 89-1-525, 73-35-21, 73-35-23
Approved by the Governor: 73-35-4.1, 89-1-503, 89-1-505, 89-1-507, 89-1-515, 89-1-519, 89-1-523, 73-35-21