Multiple Role (Dual Agency) Disclosure

Multiple Role (Dual Agency) Disclosure A licensee acting in a dual capacity on the same transaction must clearly disclose their dual relationship to the borrower at the first substantive contact, meaning the first meaningful discussion about the transaction. Such disclosure must be made using Form 1 included in Appendix A hereto. Furthermore, said form must be signed by both the borrower and the broker/MLO and must be maintained in the individual borrower’s file pursuant to Miss. Code Ann. Section 81-18-33(1)(i) and Rule 1.8, above.