Mississippi License Law
Under MS Code §73-35, the MREC is authorized to take disciplinary action against a licensee for all of the following EXCEPT:
AMisrepresentation of material facts
BCommingling client funds with personal funds
CCharging a commission that a competitor considers too low✓ Correct
DPracticing real estate without a valid license
Explanation
MREC can discipline for misrepresentation, commingling, and unlicensed practice, among other violations. Commission rates are freely negotiable; a licensee cannot be disciplined solely because competitors disagree with their fee structure.
Related Mississippi Mississippi License Law Questions
- Which agency regulates real estate licensees in Mississippi?
- Which of the following is an example of 'negligent misrepresentation' by a Mississippi real estate licensee?
- A Mississippi real estate licensee is also a licensed attorney. If they provide legal advice in a real estate transaction, they must:
- A Mississippi licensee who engages in commingling is guilty of:
- Under MREC rules, a Mississippi real estate licensee must disclose their license status when:
- Under MS Code §73-35, the MREC has the power to investigate complaints against licensees. A complaint may be initiated by:
- Mississippi law requires that the supervising broker review and sign off on which of the following activities of their salespersons?
- How many hours of pre-license education are required for a Mississippi real estate salesperson license?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →