Ms real estate state 2024 Study guides, Class notes & Summaries

MS Real Estate State Portion Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

Who are exempt from having a real estate license? - ANSWER Public officials The following people may be excluded from holding a real estate license exept? - ANSWER A person who places an ad on the internet under their responsible broker The 5 commissioners appointed by the governor with advise and consent from the senate have the power to all of the following except: - ANSWER Appoint a commissioner Can the real estate commission issue subpoenas? - ANSWER Yes, because it is within the au...

C - ANSWER Someone who is licensed in MS to sell, buy, or lease real estate for a fee is defined as a a. real estate sales person b. responsible nonresident broker c. real estate broker d. personal assistant b - ANSWER the primary purpose of the Mississippi Real Estate Commission is to a. issue real estate licenses b. protect the public c. test real estate license applicants d. investigate real estate law violations d - ANSWER which of the following is outside MREC's authori...

Special situations, where unusual facts exist or where one or more parties involved are especially vulnerable, could require additional disclosures not contemplated. in such cases, brokers - ANSWER should seek legal advice prior to entering into an agency relationship If a broker, as escrow agent, accepts a check and later finds that such check has not been honored by the bank on which it was drawn, the broker shall - ANSWER immediately notify all parties involved in the transaction Monies...

Can a real estate licensee appeal a hearing decision rendered final by the real estate commission? - ANSWER Yes, if the appeal is made within 30 days of the notice of commission's action. How many days does any agent have to send in the Cooperating Agreement with out-of-state real estate brokers to MREC after reaching the agreement to accept the referral? - ANSWER 10 How many copies of the Cooperating agreement with out-of-state brokers goes to the Real Estate Commission? - ANSWER 2 Wh...

MREC - ANSWER State agency To regulate licensing of brokers in sales person Broker - ANSWER Anyone who sells, buys, leases, etc. property for a fee Responsible non-resident broker - ANSWER Licensed in another state but no Mississippi license sales person - ANSWER Licensee employed by broker to act on behalf of broker for compensation Unlicensed Assistant - ANSWER Employee not allowed to perform activities requiring license. Purpose of the MREC - ANSWER Protect consumers via licens...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...

Test Bank for South-Western Federal Taxation 2024 Essentials of Taxation Individuals and Business Entities, 27th Edition By Annette Nellen Solution and Answer Guide: Nellen, Cuccia, Persellin, Young, SWFT Essentials of Taxation: Individuals and Business Entities 2024, 9780357900796; Chapter 1: Introduction to Taxation © 2024 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible 1 website, in whole or in part. Solution and Answer Guid...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 yea...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...