Mississippi Ratification of Unit Agreement (By Interest Owner)

State:
Multi-State
Control #:
US-OG-1101
Format:
Word; 
Rich Text
Instant download

Description

This form is a ratification of unit agreement by interest owner.

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FAQ

Commissioners: The seated members of the Mississippi Real Estate Commission as appointed by the Governor with the advice and consent of the Senate pursuant to Miss. Code Ann. §73-35-5.

How do I become a REALTOR®? Must be 18 years old. 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 Real Estate Commission," or "Commission" means the agency of the State of Mississippi created by §73-35-1, et seq. To regulate the licensing of real estate brokers and salespersons and by §73-35-35 directed to regulate the sale of timeshare and condominium properties.

Yes, under the Real Estate Law, a broker-associate can work in the capacity of a salesperson for another responsible broker(s) and also work as an independent broker. However, an affiliation agreement signed by the responsible broker and the broker-associate may prohibit such activity.

MREC duties: Education and licensing, broker standards, and business requirements are all within MREC's purview. 1) The commission regulates real estate schools and licensing exams, issues licenses, and oversees the activities of licensees to ensure they comply with Mississippi license law.

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Mississippi Ratification of Unit Agreement (By Interest Owner)