Mississippi Real Estate Test 2024 | Questions with 100% Correct Answers | Verified | Latest Update

Who are exempt from having a real estate license? - Public Official holding an auction. The following people may be excluded from holding a real estate license exceptA person who places an ad on the internet under their responsible broker. - A person who places an ad on the internet under their responsible broker. The five Commissioners appointed by the Governor with advise and consent from the Senate have the power to do all of the following except - Appoint a Commissioner. Can the Real Estate Commissioners issue subpoenas? - Yes, because it is within the authority of the Commission's power. A broker applicant who has not held a salesperson license for a period of 12 months immediately prior to submitting an application, must - Have successfully completed 150 classroom hours in real estate courses, which courses are acceptable for credit toward a degree at a college or university as approved by the Southern Association of Colleges and Schools. A non-resident may apply for a nonresident's license in Mississippi - a. Provided the individual is a licensed broker or is a broker salesperson or salesperson affiliated with a resident or nonresident Mississippi broker. b. Provided a non-resident who applies for a broker's license and who will maintain an office in Mississippi. c. Provided the non-resident not maintain a place of business within Mississippi provided he is regularly actively engaged in the real estate business and maintains a place of business in the other state. d. All of the above. (correct answer)