Exam (elaborations)
MISSISSIPPI REAL ESTATE QUESTIONS AND ANSWERS
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MISSISSIPPI REAL ESTATE QUESTIONS AND ANSWERS
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1-97 of 97In Mississippi a BPO may NOT be prepared
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In place of an appraisal
The purchasers financial obligations are to be included in
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The purchase contract
Who is responsible for completing the property condition disclosure statement?
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The property owner
At what point in a property sale transaction is a licensee required to perform an
independent investigation to verify the size of the property?
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There is no such requirement
Which of the following parties is exempt from a criminal background check during the
license application process?
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Mississippi licensees older than 70 who have held a license for more than
25 years
, How long are sellers agents required to keep a sellers acceptance or rejection of an
offer to purchase?
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3 years
All active licensees are required to carry ? Insurance
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Errors and omissions
The MRECis made up of
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5 members
When does the first substantive meeting occur between a sellers agent and a
prospective buyer?
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Prior to showing the property to the prospective buyer
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