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Mississippi Practice & REAL Exam Questions with Correct Answers
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Mississippi Practice & REAL Exam Questions with Correct Answers * The management entity The president of the timeshare association A timeshare owner appointed by the other owners The developer - ANSWER-Which of the following shall act in the capacity of fiduciary to the purchasers of the time...

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  • November 4, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mississippi practice real exam questions with co

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  • Real Estate
  • Real Estate

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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




Mississippi Practice & REAL Exam

Questions with Correct Answers
* The management entity


The president of the timeshare association


A timeshare owner appointed by the other owners


The developer - ANSWER✔✔-Which of the following shall act in the capacity of fiduciary to the

purchasers of the timeshare plans?


* immediately


with one day


with three days


within five days - ANSWER✔✔-Real estate licensees must provide a true and correct copy of a document

to any party ________ upon signing the document.


* a court


the Commission


the Board of Realtors


the Real Estate Deposit Committee - ANSWER✔✔-If the responsible broker is uncertain as to the proper

disposition of the earnest money, he/she may turn the money over to which of the following for

disposition?


* ten days

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,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


five days


three days


twenty days - ANSWER✔✔-Every licensee must notify the Commission within _________ of any adverse

court decisions in which the licensee appeared as a defendant.


* in good faith


in bad faith


verbal


complex, in order to protect the buyer - ANSWER✔✔-Each property disclosure required to be made by

the license law is required to be:


* the Governor


a U.S. Senator from Mississippi


a U.S. Representative from Mississippi


registered voters - ANSWER✔✔-Who appoints the members to the Mississippi Real Estate Commission?


*a certificate of renewal from the Timeshare Association


the number of purchasers enrolled in the exchange program


the percentage of confirmed reservations


the number of exchanges confirmed by the exchange program during the year - ANSWER✔✔-The

exchange program report should report all of the following information, EXCEPT:


* twelve months


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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


six months


thirty days


sixty days - ANSWER✔✔-Any licensee who has entered active military service due to a draft or national

emergency will upon his/her return to civilian life and within ____________ after a honorable discharge,

be considered by the Commission to have been actively engaged in the real estate business in the same

capacity as when the licensee was entered into active military service.


*a public agency


a prior property disclosure form that the listing agent found in his office


an inspection of the property by the listing agent


a neighbor who told the listing agent what to disclose - ANSWER✔✔-The listing agent will probably not

be held liable for inaccurate property disclosure information if the information was obtained from:


* the Real Estate Commission


the Secretary of State


the Timeshare Association


the Office of Timeshare Registrations - ANSWER✔✔-A developer may not sell, offer, or dispose of a

timeshare interest unless all necessary registration requirements are completed and approved by:


* timeshare instrument


timeshare interest


timeshare inventory




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