Mississippi License Law
A Mississippi salesperson license must be held under a licensed broker. If a salesperson's broker license expires or is revoked, the salesperson:
AMay continue to practice independently
BMust immediately affiliate with a new licensed broker or stop practicing✓ Correct
CIs automatically upgraded to a broker's license
DMay complete any transactions already started
Explanation
A salesperson's license is tied to their sponsoring broker. If the broker's license is no longer valid, the salesperson must affiliate with a new licensed broker or cease all real estate activity.
Related Mississippi Mississippi License Law Questions
- Mississippi real estate licenses must be renewed every:
- To obtain a Mississippi real estate broker's license, a salesperson must have at least:
- 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:
- Which of the following is NOT required to appear in a Mississippi real estate advertisement?
- A Mississippi real estate broker must maintain errors and omissions (E&O) insurance or ensure all affiliated licensees are covered. E&O insurance protects against:
- A Mississippi broker's license was revoked five years ago for misrepresentation. They apply for a new license. MREC will consider:
- A Mississippi licensee who wants to work independently without a supervising broker must:
- Under MREC rules, a Mississippi licensee must provide an agency disclosure to a prospective buyer:
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