Mississippi Referral Agreement

State:
Multi-State
Control #:
US-0006BG
Format:
Word; 
Rich Text
Instant download

Description

This is a referral agreement.

How to fill out Referral Agreement?

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FAQ

Which of the following are two criteria for members of the Mississippi Real Estate Commission? Lived in Mississippi for 6 years and worked as a broker for 5 years. If a broker has his license suspended by the MREC, what can the licensees working for him do?

Which of the following are two criteria for members of the Mississippi Real Estate Commission? Lived in Mississippi for 6 years and worked as a broker for 5 years. If a broker has his license suspended by the MREC, what can the licensees working for him do?

(7) Exempt from the licensing requirements of this chapter shall be any person, partnership, association or corporation, who, as a bona fide owner, shall perform any aforesaid act with reference to property owned by them, or to the regular employees thereof who are on a stated salary, where such acts are performed in

Who is exempt from having a real estate license? 2. Any person holding in good faith a duly executed power of attorney from the owner, authorizing the final consummation and execution for the sale, purchase, leasing or exchange of real estate.

The Act applies to residential (1-4 units) property sales, options, installment sales, and leases with an option to buy, regardless of whether an agent is involved.

Mississippi200b Out of State Broker Cooperation - An out-of-state licensee cannot act within the Transaction State except with the cooperation of a Mississippi broker.

Reciprocity refers to waiver of a TRADE EXAMINATION only. All applicants are required to take the Mississippi Law and Business Management examination and complete an application and submit it to the Mississippi State Board of Contractors to be considered for licensure.

Must be a resident of Mississippi prior to completing the application. Must complete a minimum of 60 hours of MREC approved real estate courses. Must pass the state licensing exam. Must work under the supervision of a Mississippi real estate broker.

Mississippi State Reciprocity: Any real estate licensee of another state who desires to obtain a license in Mississippi is exempt from the examination as long as the Commission feels the exam is equivalent to Mississippi's and that state extends this same privilege or exemption to Mississippi real estate licensees.

Out-of-State Developers However, before he can advertise out-of-state property in Mississippi, he must contact the Mississippi Real Estate Commission to get the property approved for advertising unless he plans to advertise in a national publication.

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Mississippi Referral Agreement