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Application for License
- §73-35-6. Licenses for business entities
- §73-35-8. Nonresident's license; application
- §73-35-8. Nonresident's license; application
- §73-35-9. Application for license
- §73-35-9. Application for license
- Degree Courses in Real Estate
- License Exemptions
- Resident Broker Application
- Resident Salesperson License Application
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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
- §73-35-17. MREC Fees
- §73-35-31. Penalties for violations of chapter
- §73-35-33. License required to sue for compensation; suit by salesperson in own name
- §89-1-519. Agent; extent of agency
- Broker's price opinion; preparation, contents, and use of opinion
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Definitions
- A. "Advertising" means...
- A. "Agency"
- A. A “Team or Group”...
- Automated Valuation Method
- B. "Agent"
- Broker Price Opinion
- C. "Client"
- D. "Compensation"
- E. "Customer"
- F. "Disclosed Dual Agent"
- G. "Fiduciary Responsibilities"
- H. "First Substantive Meeting"
- I. "Single Agency"
- Real Estate
- Real Estate Broker
- Real Estate Salesperson
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License
- §73-35-6. Licenses for business entities
- §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
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License Course Requirements
- §73-35-14.4. Distance learning courses
- §73-35-18. License renewal; continuing education requirements; exemptions; rules and regulations; reinstatement of expired license.
- ARELLO for Pre-License Courses
- Course Day Hour Limits
- Post License Course for Brokers
- Post License Course for Salesperson
- Pre License Exam Course Content
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License Exam Information
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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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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 broker shall advertise in the name...
- B. A real estate broker who operates under the supervision of a responsible broker
- 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 Part 1601 Chapter 8: Time Shares Rule 8.1 Licensing
- Any seller, other than the developer and its regular employees...
- Part 1601 Chapter 9: Errors and Omissions Insurance Coverage Rule 9.1 Administration
- Rule 8.10 Insurance
- Rule 8.11 Advertising and Marketing:
- Rule 8.12 Management
- Rule 8.13 Liens
- Rule 8.14 Owner Referrals
- 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
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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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Mississippi Real Estate Commission
- §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)
- Real Estate Brokers License Law of 1954
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Oral Proceedings & Declaratory Opinions
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Part 1601 Chapter 2: Fees Rule 2.1
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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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Part 1601 Chapter 5: Complaint Procedure Rule 5.1
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PART 1603: Board Organization and Members
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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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Qualifications for License
- §73-35-10. Background investigation required of applicants for real estate broker's, real estate salesperson's, or nonresident's license
- §73-35-7. Qualifications for license
- Qualifications for a Mississippi Real Estate Broker License
- Qualifications for a Mississippi Real Estate Salesperson's License
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Rule 1.2 Changing the Status of a License
Rule 8.7 Purchase Contracts
Each developer shall furnish each purchaser with a fully completed and executed copy of a contract, which contract shall include the following information:
- The actual date the contract is executed by all parties;
- The names and addresses of the seller, the developer and the timeshare plan;
- The total financial obligation of the purchaser, including the purchase price and any additional charges to which the purchaser may be subject, such as any recurring assessment;
- The estimated date of availability of each accommodation, which is not completed;
- A description of the nature and duration of the timeshare interest being sold, including whether any interests in real property is being conveyed and the specific number of years or months constituting the term of contract;
- Immediately above the signature line of the purchaser(s), the following statement shall be printed in conspicuous type:
You may cancel this contract without any penalty or obligation within seven (7) calendar days from the date you sign this contract and seven (7) calendar days after you receive the public offering statement, whichever is later. If you decide to cancel this contract, you must notify the developer in writing of your intent to cancel. Your notice of cancellation shall be effective upon the date sent and shall be sent to (name of developer) at (address of developer). If you cancel the contract during a the seven-day cancellation period, the developer shall refund to you all payments made under the contract within thirty (30) days after receipt of your cancellation notice.
No purchaser should rely upon representations other than those included in this contract.
- These statements in Paragraph f. may not be waived and failure to include them in a timeshare contract shall render the contract void.
Seller shall refund all payments made by the purchaser under the contract and return all negotiable instruments, other than checks, executed by the purchaser in connection with the contract within 30 days from the receipt of the notice of cancellation transmitted to the developer from the purchaser or if the purchaser has received benefits under the contract, refund all payments made less actual cost of benefits actually received by the purchaser before the date of cancellation, with an accounting of the actual costs of the benefits deducted from payments refunded.