Mississippi License Law
A Mississippi licensee is accused of 'misrepresentation' to a buyer. Misrepresentation in real estate includes:
AOnly intentional false statements
BBoth intentional false statements (fraud) and negligent misrepresentation (unintentional false statements made without reasonable basis)✓ Correct
COnly written misrepresentations
DOnly misrepresentations about the property's price
Explanation
Misrepresentation in Mississippi real estate license law encompasses both intentional (fraudulent) misrepresentation — knowingly making a false statement — and negligent misrepresentation — making a false statement without reasonable basis for believing it is true. Both forms can result in disciplinary action and civil liability.
Related Mississippi Mississippi License Law Questions
- Which MREC disciplinary action results in permanent prohibition from holding a Mississippi real estate license?
- MREC's investigation process for a complaint against a Mississippi licensee includes:
- A Mississippi real estate licensee who fails to disclose a known material defect to a buyer may be subject to all of the following EXCEPT:
- Which of the following persons is generally exempt from needing a Mississippi real estate license?
- After a Mississippi salesperson passes their exam, they must affiliate with a sponsoring broker within:
- Which Mississippi law governs the licensing and regulation of real estate brokers and salespersons?
- In Mississippi, 'puffing' by a real estate licensee refers to:
- An unlicensed assistant working in a Mississippi real estate office may legally:
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