License Exemptions

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Exempt from the licensing requirements of this chapter shall be any
person, partnership, association or corporation, who, as a bonafide
the 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 the regular course of business.

(The provisions of this chapter shall not apply to:
(a) Attorneys at law in the performance of primary or incidental
duties as such attorneys at law.
(b) Any person holding in good faith a duly executed power of
an attorney from the owner, authorizing the final consummation and
execution for the sale, purchase, leasing, or exchange of real
(c) The acts of any person while acting as a receiver, trustee,
administrator, executor, guardian or under court order, or while
acting under the authority of a deed of trust or will.
(d) Public officers while performing their duties as such.
(e) Anyone dealing exclusively in oil and gas leases and mineral

Nothing in this chapter shall be construed to prohibit life insurance
companies and their representatives from negotiating or attempting to
negotiate loans secured by mortgages on real estate, nor shall these
companies or their representatives be required to qualify as real estate
brokers or agents under this chapter.

The provisions of this chapter shall not apply to the activities of
mortgagees approved by the Federal Housing Administration or the
United States Department of Veterans Affairs, banks chartered under
the laws of the State of Mississippi or the United States, savings and
loan associations chartered under the laws of the State of Mississippi
or the United States, licensees under the Small Loan Regulatory Law,
being Sections 75-67-101 through 75-67-135, and under the Small
Loan Privilege Tax Law, being Sections 75-67-201 through 75-67-243,
small business investment companies licensed by the Small Business
Administration and chartered under the laws of the State of Mississippi,
or any of their affiliates and subsidiaries, related to the making of a
loan secured by a lien on real estate or to the disposing of real estate
acquired by foreclosure or in lieu of foreclosure or otherwise held as
security. No director, officer, or employee of any such financial
the institution shall be required to qualify as a real estate broker or agent
under this chapter when engaged in the aforesaid activities for and on
behalf of such a financial institution.

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