Mississippi License Law
A Mississippi real estate broker who wishes to open a branch office must:
AObtain a separate broker's license for the branch office location
BObtain a branch office license from MREC and designate a licensed broker-in-charge for the branch✓ Correct
CSimply register the address with MREC without additional licensing
DHave a salesperson manage the branch without a supervising broker
Explanation
Mississippi requires branch offices to be separately licensed through MREC. Each branch office must have a designated broker-in-charge (a licensed broker) responsible for supervising activities at that location.
Related Mississippi Mississippi License Law Questions
- A Mississippi broker who wants to change the office location of their brokerage must:
- A Mississippi broker discovers that one of their salespersons has engaged in misrepresentation. The broker's responsibility is to:
- Which of the following is an example of 'misrepresentation' by a Mississippi real estate licensee?
- The purpose of Mississippi's seller's property disclosure form is to:
- Which of the following is a MREC requirement for real estate office signage?
- A Mississippi broker-in-charge is responsible for:
- A Mississippi real estate licensee who receives an offer on one of their own listings (meaning the agent also represents the buyer) has a duty to:
- When a Mississippi real estate salesperson moves from one brokerage to another, which of the following must occur?
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