Ms state real estate Study guides, Class notes & Summaries

Real Estate Practice Exam (Missouri) Questions and Answers An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accur...

Broker licence - ANSWER applies to every member of the broker cooperation, partnership or association who actively participate in brokerage business and when any fee paid is required. Real estate broker - ANSWER Every member, owner, partnership, associations and cooperation who for fee commission for rent, lease, purchase, exchange, manage or auction real estate, Who negotiate a loan secured or to be secured by mortgage. attempt to negotiate commission advertise any lot or parcel, condominium...

MS Real Estate State Portion With 100% Correct Answers

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 actively licensed brokers for 5 years o Resident of the state for 6 years o Meet monthly to discuss Complaints Conduct investigations regarding rule violations Monitor real estate commerce betwee...

ATI Critical Thinking for ATI Proctored Exam/ Latest Solution/ Guaranteed A+ 1. Inference: A conclusion reached on the basis of evidence and reasoning 2. interpretation: to understand, comprehend, identify problems, clarify, decipher and decode. 3. analysis: To examine ideas, analyze arguments, make comparisons, and cate- gorize, organize and prioritize. 4. Evaluation: To assess the credibility, significance,and relevance of information necessary to support the conclusions; and to asses ...

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 actively licensed brokers for 5 years o Resident of the state for 6 years o Meet monthly to discuss Complaints Conduct investigations regarding rule violations Monitor real estate commerce betwee...

If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the State Banking Commission. Federal Deposit Insurance Corporation. (FDIC). US Treasury Department. Federal Reserve Board. - US Treasury Department Safe-deposit boxes are: Safe and can be accessed only by the owner of the box Available at all banks Convenient and accessible at any hour of the day or evening A free benefit for accounts with deposits starting at $50,000 - Safe and can...

MS Real Estate Express - Chapter 1 Quiz 4 with Certified Solutions Salesperson Sam posted an advertisement that only listed under the contact information a street address and a phone number. Is this legal? No, Mississippi law requires the licensee state the broker and real estate firm they are working for. Under a cooperative agreement, the "for sale" sign of which broker should be shown at the selling owner's property? Both the Mississippi and out-of-state broker must have signag...

MS Real Estate Exam Correct 100% MREC - ANSWER State agency To regulate licensing of brokers in sales person Broker - ANSWER Anyone who sells, buys, leases, etc. property for a fee Responsible non-resident broker - ANSWER Licensed in another state but no Mississippi license sales person - ANSWER Licensee employed by broker to act on behalf of broker for compensation Unlicensed Assistant - ANSWER Employee not allowed to perform activities requiring license. Purpose of the MREC...

Who is the petitioner/your client? correct answers William DeNolf who is a 55 year old real estate agent who recently moved to Olympus. Who is the respondent? correct answers The State of Olympus What are the two issues? correct answers Whether the Functional Brain Mapping Exam (FBME) violates the right against self-incrimination protected by the Fifth Amendment, as applied to the states through the Due Process Clause of the Fourteenth Amendment? Whether the sentence of solitary confine...