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Qualifications for License
- §73-35-7. Qualifications for license
- Qualifications for a Mississippi Real Estate Broker License
- Qualifications for a Mississippi Real Estate Salesperson's License
- §73-35-10. Background investigation required of applicants for real estate broker's, real estate salesperson's, or nonresident's license
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Application for License
- §73-35-9. Application for license
- Resident Salesperson License Application
- Resident Broker Application
- §73-35-6. Licenses for business entities
- §73-35-8. Nonresident's license; application
- Degree Courses in Real Estate
- License Exemptions
- §73-35-8. Nonresident's license; application
- §73-35-9. Application for license
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License Exam Information
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License
- §73-35-14.5. Temporary licenses; post-license education
- §73-35-18. License renewal; continuing education requirements; exemptions; rules and regulations; reinstatement of expired license.
- §73-35-21. Grounds for refusing to issue or suspending or revoking license; hearing
- §73-35-6. Licenses for business entities
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License Course Requirements
- Pre License Exam Course Content
- Post License Course for Salesperson
- Post License Course for Brokers
- §73-35-18. License renewal; continuing education requirements; exemptions; rules and regulations; reinstatement of expired license.
- §73-35-14.4. Distance learning courses
- ARELLO for Pre-License Courses
- Course Day Hour Limits
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Mississippi Real Estate Commission
- Real Estate Brokers License Law of 1954
- §73-35-19. Real estate license fund
- §73-35-23. Powers of commission as to violations; hearings upon revocation; subpoena
- §73-35-25. Appeals
- §73-35-27. Duties of commission
- §73-35-29. Administrator to give bond
- §73-35-35. Commission to adopt rules and regulations
- §73-35-5. Real estate commission created; organization; seal; records
- §89-1-515. Amendment of disclosure
- §89-1-525. Enforcement by Mississippi Real Estate Commission
- Interest on Real Estate Brokers' Escrow Accounts Act. (IREBEA)
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Property Condition Disclosure
- §89-1-501. Applicability of real estate transfer disclosure requirement provisions
- §89-1-503. Delivery of written statement required; indication of compliance; right of transferee to terminate for late delivery
- §89-1-505. Limit on duties and liabilities with respect to information required or delivered
- §89-1-507. Approximation of certain information required to be disclosed; information subsequently rendered inaccurate
- §89-1-509. Form of seller's disclosure statement
- §89-1-511. Disclosures to be made in good faith
- §89-1-513. Provisions not exhaustive of items to be disclosed
- §89-1-517. Delivery of disclosure
- §89-1-521. Delivery of disclosure where more than one agent; inability of delivering broker to obtain disclosure document; notification to transferee of right to disclosure
- §89-1-523. Noncompliance with disclosure requirements not to invalidate transfer; liability for actual damages
- §89-1-525. Enforcement by Mississippi Real Estate Commission
- §89-1-527. Failure to disclose nonmaterial fact
- Disclosure of information concerning size or area of property involved in real estate transaction; liability; remedy for violation of section
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Brokerage and Agency
- §73-35-11. Nonresident may not act except in cooperation with licensed broker of state
- §73-35-15. Location of business and responsible broker to be designated
- §73-35-16. Real estate licensees required to obtain errors and omissions insurance coverage
- §89-1-519. Agent; extent of agency
- Broker's price opinion; preparation, contents, and use of opinion
- §73-35-17. Fees
- §73-35-31. Penalties for violations of chapter
- §73-35-33. License required to sue for compensation; suit by salesperson in own name
- §73-35-17. MREC Fees
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Definitions
- Automated Valuation Method
- Broker Price Opinion
- Real Estate
- Real Estate Broker
- Real Estate Salesperson
- I. "Single Agency"
- A. A “Team or Group”...
- A. "Advertising" means...
- H. "First Substantive Meeting"
- G. "Fiduciary Responsibilities"
- F. "Disclosed Dual Agent"
- E. "Customer"
- D. "Compensation"
- C. "Client"
- B. "Agent"
- A. "Agency"
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Chapter 1: Licensing Rule 1.1 Applying for a License
- A. An applicant for a broker’s license
- B. An applicant for a salesperson's license
- C. An application fee
- E. When an applicant is approved
- F. If a corporation has been chartered by the state of Mississippi
- D. The approved Examination Testing Provider
- G. A real estate licensee of another state
- Real estate education courses
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Rule 1.2 Changing the Status of a License
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Part 1601 Chapter 2: Fees Rule 2.1
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Miss. Code Ann. §73-35-35 Part 1601 Chapter 3: Administration/Conducting Business Rule 3.1 General Rules
- A. It shall be the duty of the responsible broker to instruct the licensees
- B. A real estate broker who operates under the supervision of a responsible broker
- B. A broker shall advertise in the name...
- C. A licensed Mississippi broker may cooperate with a broker licensed in another state
- D. A responsible broker must maintain an office and display the license therein.
- E. No licensee shall pay any part of a fee, commission...
- F. Any licensee who fails in a timely manner to respond...
- G. A real estate broker or salesperson in the ordinary course of business...
- H. When an offer is made...
- I. A real estate licensee shall not be exempt ...
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Miss. Code Ann. §73-35-35 Rule 3.2 Documents
- A. A real estate licensee shall immediately (at the time of signing)...
- B. All exclusive listing agreements...
- C. All exclusive buyer representation agreements...
- D. In the event that more than one written offer...
- E. Every real estate contract...
- F. No licensee shall represent to a lender...
- G. A real estate broker must keep on file for three years...
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Miss. Code Ann. §73-35-35 Rule 3.3 Advertising
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Miss. Code Ann. §73-35-35 Rule 3.4 Earnest Money
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Miss. Code Ann. §73-35-35 Rule 3.5 Real Estate Teams or Groups
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Part 1601 Chapter 4: Agency Relationship Disclosure Rule 4.1 Purpose
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Part 1601 Chapter 4: Agency Relationship Disclosure Rule 4.2 Definitions
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Miss. Code Ann. §73-35-3 Rule 4.3 Disclosure Requirements
- A. In a single agency,...
- B. In a single agency,...
- C. Brokers operating in the capacity of disclosed dual agents...
- D. In the event the agency relationship changes...
- E. In the event one or more parties are not available...
- F. In the event any party receiving a disclosure form requests...
- G. The terms of the agency relationship...
- H. The Commission mandated disclosure form...
- I. Completed Agency Disclosure Forms...
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Miss. Code Ann. §73-35-3 Rule 4.4 Disclosure Exception
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Part 1601 Chapter 5: Complaint Procedure Rule 5.1
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Miss. Code Ann. §73-35-35 Part 1601 Chapter 8: Time Shares Rule 8.1 Licensing
- Rule 8.2 Definitions
- Rule 8.3 Registration
- Rule 8.4 Public Offering Statement
- Rule 8.5 Amendment to Registration Information and Public Offering Statement:
- Rule 8.6 Registration Review Time Frames
- Rule 8.7 Purchase Contracts
- Rule 8.8 Exchange Program
- Rule 8.9 Escrows and Alternatives Assurances
- Rule 8.10 Insurance
- Rule 8.11 Advertising and Marketing:
- Rule 8.13 Liens
- Rule 8.14 Owner Referrals
- Rule 8.12 Management
- Any seller, other than the developer and its regular employees...
- Part 1601 Chapter 9: Errors and Omissions Insurance Coverage Rule 9.1 Administration
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Oral Proceedings & Declaratory Opinions
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PART 1603: Board Organization and Members
B. When the broker is the agent for the seller…
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When the broker is the agent for the seller and for any reason the seller fails or is unable to consummate the transaction, the broker has no right to any portion of the earnest money deposited by the purchaser, even if a commission has been earned. The entire amount of the earnest money deposit must be returned to the purchaser and the broker should look to the seller for compensation.
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