Exam (elaborations)
MISSISSIPPI REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS
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MISSISSIPPI REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS
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1-58 of 58The use of any copyrighted term or Insignia on stationary, office signs, or in an
advertisement by any licensee not authorized to do so, will be considered
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as "substantial misrepresentation" and cause for refusal, suspension, or
revocation of the license
,A real estate licensee shall deliver a true and correct copy of any instrument to any
party or parties executing the same
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immediately (at the time of signing)
When an licensee is advertising their own property for sale, purchase or exchange
which is not listed with a broker, the licensee must
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the licensee must indicate he or she is licensed
An agent Made Real Estate signs to put in the front yard of his clients home. He did
not put the name of is responsible broker or name of his real estate firm on the side.
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this is a "Blind Ad" and is in violation
In the event one or more parties are not available to sign one or more disclosures
forms, the disclosure will be accomplished orally. The applicable form will be so
noted by the broker and said forms will be forwarded for signatures as soon as
possible
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, written electronic transmission will fulfil this requirement
If a broker, as escrow agent, accepts a check and later finds that such check has not
been honored by the bank on which it was drawn, the broker shall
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immediately notify all parties involved in the transaction
The Commission mandated disclosure form
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may be duplicated in content and size but not altered
For the buyer's agent, the first substantial meeting shall not include
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a bona fide open house or model home. Preliminary conversations or small
talk concerning price range , location and property styles. Responding to
General factual questions from a prospective buyer concerning properties
that have been advertised for sale or lease.
Licensees who do not show proof of E & O Insurance have 30 days to correct the
deficiency. If the deficiency is not corrected within 30 days
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