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MISSISSIPPI REAL ESTATE EXAM 3 QUESTIONS AND ANSWERS

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MISSISSIPPI REAL ESTATE EXAM 3 QUESTIONS AND ANSWERS

Institution
Mississippi REAL ESTATE
Course
Mississippi REAL ESTATE

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1-110 of 110




All license fee funds must be submitted to the State Treasury with detailed
explanation


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On a weekly basis

,Special situations, where unusual facts exist or where one or more parties involved
are especially vulnerable, could require additional disclosures not contemplated. In
such cases, brokers:


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Should seek legal advice prior to entering into any agency relationships




Dual agency is not practiced by some brokers because:


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There may be situations where disclosed dual agency presents conflicts of
interest that cannot be resolved without breach of duty to one party or
another




The use of any copyrighted term of insignia on stationary, office signs, or in
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




Delivery to a spouse of a transferee


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, Shall be deemed delivery to the transferee unless provided otherwise in
the contracts




Any person taking appeal shall post a satisfactory bond in the amount of BLANK
dollars for the payment of any costs which may be adjudged against him


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$500




The extent of cooperation of reciprocity with other states:


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Vary




No fee, commission or other valuable consideration may be paid to a person for real
estate brokerage activities unless the person provides evidence of:


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A license or cooperating agreement




IREBEA (Interest on Real Estate Broker's Escrow Accounts) is:


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, Voluntary




Applicants for real estate license


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May take the exam but has 10 days to find a responsible broker




A responsible broker must maintain an office and display the license therein. If the
broker has more than one office:


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The broker shall display a branch office license in each branch office




Any person charged with a violation shall be given BLANK days notice of the hearing
upon charges filed, together with a copy of the complaint


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15




When both the non resident broker and the MS broker have their company signs on a
property listed together, the signs:


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Institution
Mississippi REAL ESTATE
Course
Mississippi REAL ESTATE

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Uploaded on
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Number of pages
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Written in
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