Mississippi License Law
A Mississippi licensee may be disciplined by MREC for 'fraud,' which includes all of the following EXCEPT:
AIntentional misrepresentation of a material fact
BConcealment of a known defect
CMaking an honest mistake that causes no harm✓ Correct
DInducing a party to sign a contract through deceit
Explanation
Fraud requires intentional deception. An honest mistake (without intent to deceive) does not constitute fraud, though it may constitute negligence. MREC can discipline for fraud, misrepresentation, and deceit.
Related Mississippi Mississippi License Law Questions
- An unlicensed assistant working in a Mississippi real estate office may legally:
- The Mississippi real estate licensing exam contains how many questions?
- A Mississippi real estate salesperson who wants to become a broker must complete additional education beyond the salesperson requirement. The broker pre-license education requirement is typically:
- Under Mississippi law, which of the following could result in revocation of a real estate license?
- Which of the following best describes the MREC's continuing education requirement for the 16-hour renewal cycle?
- The MREC requires that all listing and buyer representation agreements in Mississippi contain:
- Mississippi's MREC requires that all trust account records be reconciled:
- Which of the following activities requires a Mississippi real estate license?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →