Bundle: Mississippi State Real Estate Tests

Mississippi License Law Questions with correct answers

MS Real Estate Express questions with correct answers

Mississippi Real Estate Commission - Answer MREC 73-35-5 - Answer the Mississippi state agency which was created by ____________ to regulate the licensing of real estate brokers and salespersons, with its duties and authorities included in the law. Mississippi Real Estate Commission (MREC)...

An applicant for a broker's license must pass National exam with _____ and state exam with ____ - Answer 75% national exam 80% state exam An applicant for a salesperson's license must pass national exam with _____ and state exam with ____ - Answer 70% national exam 75% state exam 2 poi...

How many years must members of the Mississippi Real Estate Commission be licensed as brokers before being appointed to the commission? - Answer Five The responsible broker in a company is the person - Answer responsible for the daily real estate activities of the company. The temporary lic...

Can the MREC issue Subpoena? - Answer • YES • Call witnesses from all over state Purpose of the MREC - Answer • Regulating real estate activities in MS • Protect the comsumer MREC Board members and requirements - Answer o 5 members - 4 year terms - no term limits o Must be act...

A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by: - Answer the Real Estate Commission Which of the following has the duty of supervising and controlling all aspects of the offering of a timeshare pla...

Mississippi Practice & REAL Exam Questions with correct answer

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 - Answer should seek legal advice prior to entering into an agency relationship If a broker, as escrow age...

Real Estate Exam Review Test Mississippi questions with correct answers

Mississippi Real Estate Questions with correct answers

Real versus personal property - Answer real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - Answer immobility, indestructibility, an...