Mississippi License Law

Mississippi License Law

Professional Development

33 Qs

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Assessment

Quiz

Specialty

Professional Development

Practice Problem

Easy

Created by

Whitney Richardson

Used 5+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each member of the Mississippi REal Estate Commission shall serve ____ years

Two

Four

Five

Six

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is a licensee required to pay over to their responsible broker any deposits or earnest money received?

Within 24 hrs

Within 48 hrs

As soon as they next see the responsible broker in person

Immediately upon receipt therof

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Text messages between an agent and a prospective buyer about a property for sale are not considered to be advertisements

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The broker or the brokerage firm must be identified by using the same size or larger print as that of a licensee or a team in all advertising

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order to advertise a property , the broker MUST

Have verbal permission from the owners

Have written permission from the owner

Use two signs in each yard

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The commission may, upon its own motion

Fine licensees for violations

Imprison licensees for up to one month for violations

Revoke a license without a hearing

Investigate a licensee

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Renewal fee for a branch office for a two year period is

$100

$120

$140

$150

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