Mississippi License Law
A Mississippi broker discovers that one of their salespersons has engaged in misrepresentation. The broker's responsibility is to:
AIgnore it unless the consumer files a complaint with MREC
BAddress the misconduct, potentially notify affected parties, and take corrective action including supervision or termination✓ Correct
CConceal the misconduct to protect the brokerage
DWait for MREC to discover the issue
Explanation
A broker has supervisory responsibility for their salespersons and must address known misconduct. Failing to act or concealing misconduct could expose the broker to personal disciplinary liability as well.
Related Mississippi Mississippi License Law Questions
- To obtain a Mississippi real estate broker's license, a salesperson must have at least:
- Under MS Code §73-35, the MREC is authorized to take disciplinary action against a licensee for all of the following EXCEPT:
- Which statement best describes the purpose of MREC's disciplinary process?
- A Mississippi salesperson's employment agreement with their broker is terminated. Who owns the listings the salesperson procured?
- The MREC may place a Mississippi real estate license on inactive status upon request of the licensee. An inactive licensee may:
- In Mississippi, a real estate salesperson license must be held under:
- When a Mississippi real estate salesperson moves from one brokerage to another, which of the following must occur?
- Under Mississippi law, a real estate licensee who receives a referral fee from a mortgage company for referring a buyer must:
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