Mississippi License Law
A Mississippi real estate brokerage opens a new property management division. To manage properties for others in Mississippi, the brokerage must:
AObtain a separate property management license from MREC
BOperate under their existing real estate broker's license✓ Correct
CObtain approval from the Mississippi Department of Commerce
DRegister with HUD as a property management company
Explanation
Property management activities (negotiating leases, managing properties for others for compensation) are real estate activities that fall under the existing Mississippi real estate broker's license. No separate property management license is required.
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