Exam (elaborations)
MISSISSIPPI STATE SPECIFIC PORTION REAL ESTATE EXAM 25 QUESTIONS AND ANSWERS
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MISSISSIPPI STATE SPECIFIC PORTION REAL ESTATE EXAM 25 QUESTIONS AND ANSWERS
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ADJUNCTIONS: While the hearing is underway, the Commissioner's are NOT allowedto provide which 4 things?
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Interviews
Arguments
Briefs
ANY other Communication
,Prohibited Acts Listed by the Licensing Law: Additional Violations
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Providing legal advise without proper credentials (attorney)
Failing to respond to official written communication with the Commission
Assisting in real estate transactions with a responsible, non residential
broker who fails or refuses to use his name in advertisements
Failing to comply with disclosure requirements
Failing to Comply with and order for Child Support
Practicing RE without a Real Estate License
Accepting compensation for preforming actions without a license
Providing false information to the lender or other interested party about
the actual selling price
Failing to notify the commission within 10 days of any adverse court
decision against the licensee
If knowledgeable, failing to notify the broker of any licensee's act to
commit a violation
Failing as a responsible broker to notify the commission of an employee
licensee operating independently
Prohibited Acts Listed by the Licensing Law: 5-10
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, Being Convicted or entering a guilty plea for a felony in any MS court, or
any other state or federal jurisdiction
Failing to gain permission from property owner before posting a for sale
or for rent sign on the property
Not providing copies of all listings, contracts, and agreements to involved
parties at time of the signing
Paying profit or commission to anyone who does not hold a real estate
license
Inducing a party to a contract to break the existing contract from personal
gain
PENALTIES: On finding a person guilty of an accused violation, the commission may
do what two things:
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Refuse to issue applicant a license
Suspend or Revoke an existing license
Members of the commission are appointed to #year terms and can be reappointed or
removed by the ____.
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4
governor
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