Mississippi License Law Study guides, Class notes & Summaries

Mississippi License Law I Quizzes with 100% Correct Answers Which of the following is NOT a requirement in order to procure a sales license? - Answer- * Must complete be a Mississippi resident for at least six (6) years Must be at least eighteen (18) years of age Must pass a licensing examination Must complete a sixty (60) hour prelicensing course The listing agent will probably not be held liable for inaccurate property disclosure information if the information was obtained from: - Answ...

Mississippi License Law I Quizzes with 100% Correct Answers Which of the following is NOT a requirement in order to procure a sales license? - Answer- * Must complete be a Mississippi resident for at least six (6) years Must be at least eighteen (18) years of age Must pass a licensing examination Must complete a sixty (60) hour prelicensing course The listing agent will probably not be held liable for inaccurate property disclosure information if the information was obtained from: - Answ...

Mississippi License Law Ch. 1 - Questions and Answers Rated A+ In order to prevent suspension or revocation of a license, what must a broker do with earnest money received? Deposit the money into an escrow account by the close of the next banking day. If the MREC receives a complaint against a licensee, what steps, if any, will it take? The MREC may hold a hearing of its own volition upon receiving a complaint against a licensee. Why: The Commission will initiate a hearing if it rec...

Mississippi License Law Questions and Answers 100% Pass Who appoints the members of the Mississippi Real Estate Commission? The Governor In order to prevent suspension or revocation of a license, what must a broker do with earnest money received? Deposit the money into an escrow account by the close of the next banking day. If a licensee is found to be in violation of Mississippi license law, what powers does the MREC have? The MREC can suspend, revoke or refuse to issue a license...