Best answer: How many consecutive terms are brokers appointed to the Mississippi real estate Commission allowed to serve?

How many years does a commissioner serve during one term on the Mississippi real estate commission Mrec )?

One (1) member shall be appointed for the term of one (1) year; two (2) members for terms of two (2) years; two (2) members for terms of four (4) years; thereafter, the term of the members of said commission shall be for four (4) years and until their successors are appointed and qualify.

Which of the following is a requirement for all active Mississippi real estate licensees?

Which of the following is a requirement for all active Mississippi real estate licensees? be a legal resident of Mississippi.

How many years must members of the Mississippi real estate be licensed as brokers before appointed to the commission?

Each appointee shall have been a resident and citizen of this state for at least six (6) years prior to his appointment, and his vocation for at least five (5) years shall have been that of a real estate broker.

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Can a convicted felon get a real estate license in Mississippi?

If you have ever been convicted of a felony you must appeal to the Mississippi Real Estate Commission for permission to become licensed. The license fee is $120 and the exam fee is $85. Before receiving your license you will be required to obtain a criminal background history.

Which of the following are two criteria for members of the Mississippi Real Estate Commission?

Which of the following are two criteria for members of the Mississippi Real Estate Commission? Lived in Mississippi for 6 years and worked as a broker for 5 years. If a broker has his license suspended by the MREC, what can the licensees working for him do?

Which authority may at any time inspect a Mississippi brokerage firm’s escrow account record keeping?

C. Accurate records shall be kept on escrow accounts of all monies received, disbursed, or on hand. All monies shall be individually identified as to a particular transaction. Escrow records shall be kept in accordance with standard accounting practices and shall be subject to inspection at all times by the Commission.

Is the MS real estate exam hard?

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How many times can you take the Mississippi real estate exam?

Upon approval of eligibility, you will be responsible for contacting PSI to schedule an appointment to take the examination. only twice during the 2 months immediately following the approval of your application.

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Can the Mrec suspend a license?

Yes, the MREC can suspend a license anytime they want. Yes, a salesperson’s license can be suspended, but a broker’s cannot. No, a salesperson must have a hearing and be found guilty by the AHC before the MREC can suspend his license.