Mississippi License Law
A Mississippi licensee earns a referral fee for referring a client to a licensee in another state. This is permissible if:
AThe referral fee is paid to the referring licensee's broker✓ Correct
BThe referral fee is paid directly to the referring salesperson
CMREC approves each referral transaction
DBoth licensees hold Mississippi licenses
Explanation
Referral fees may be paid between brokers. In Mississippi, compensation must flow through the broker—a salesperson cannot receive a referral fee directly from another party; it must go through their supervising broker.
Related Mississippi Mississippi License Law Questions
- What is the minimum passing score on the Mississippi real estate salesperson exam?
- A Mississippi real estate license applicant with a prior felony conviction must:
- Mississippi licensees must provide a written agency disclosure form before providing substantial real estate services. 'Substantial real estate services' that trigger the disclosure obligation include:
- Which of the following is a MREC requirement for real estate office signage?
- In Mississippi, a real estate salesperson license must be held under:
- The term 'inactive license' in Mississippi means a licensee who:
- Mississippi MREC's Recovery Fund provides compensation to consumers who have suffered financial losses due to a licensee's fraud, misrepresentation, or deceit. The maximum payment from the fund per transaction is:
- A Mississippi real estate licensee who violates the license law may face which of the following penalties?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →