Ms Real Estate Mississippi Practice Exam
Study online at https://quizlet.com/_btnvlo
1. A developer may not sell, offer, or dis- the Real Estate Commission
pose of a timeshare interest unless all
necessary registration requirements
are completed and approved by:
2. Which of the following has the duty of the developer
supervising and controlling all aspects
of the offering of a timeshare plan?
3. If the broker finds out that a licensee immediately
licensed under that broker has been
operating independently or through
some other broker, the responsible
broker must notify the Commission:
4. All amendments, supplements and Commission
changes to the public offering state-
ment shall be filed with and approved
by the:
5. All brokers must maintain an office his/her license must be displayed in that office
and:
6. All timeshare plans shall maintain a one-to-one
___________ purchaser to accommoda-
tion ratio.
7. How long must an applicant who has 3 months from the date of the last testing
failed the salesperson's exam twice
wait before being allowed to re-take
the exam again?
8.
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, Ms Real Estate Mississippi Practice Exam
Study online at https://quizlet.com/_btnvlo
A licensee who offers property in that he/she is licensed in real estate, unless the
which he/she is the owner as being licensee lists his/her property with a licensed real
for sale or exchange must state in all estate broker
advertising, as well as on any signs:
9. Who is the person to whom the agent the client
owes a fiduciary duty?
10. A temporary license shall be valid for one year
___ following the first day of the month
after its issuance.
11. How many days notice will a person 15 days
be given of a Commission hearing on
his/her behalf?
12. Following an audit by an independent annually
CPA, the exchange program should
submit a report of the percentage of
confirmed reservations:
13. The method purchasers are required reservation system
to utilize in order to reserve the use
and occupancy of accommodations in
a timeshare plan is known as the:
14. A licensee may transfer his/her license Commission in writing
from the active to the inactive status
by notifying the ____________, returning
license to the Commission, and paying
the appropriate fee.
15. their agency relationship in a real estate transaction
2/8
Study online at https://quizlet.com/_btnvlo
1. A developer may not sell, offer, or dis- the Real Estate Commission
pose of a timeshare interest unless all
necessary registration requirements
are completed and approved by:
2. Which of the following has the duty of the developer
supervising and controlling all aspects
of the offering of a timeshare plan?
3. If the broker finds out that a licensee immediately
licensed under that broker has been
operating independently or through
some other broker, the responsible
broker must notify the Commission:
4. All amendments, supplements and Commission
changes to the public offering state-
ment shall be filed with and approved
by the:
5. All brokers must maintain an office his/her license must be displayed in that office
and:
6. All timeshare plans shall maintain a one-to-one
___________ purchaser to accommoda-
tion ratio.
7. How long must an applicant who has 3 months from the date of the last testing
failed the salesperson's exam twice
wait before being allowed to re-take
the exam again?
8.
1/8
, Ms Real Estate Mississippi Practice Exam
Study online at https://quizlet.com/_btnvlo
A licensee who offers property in that he/she is licensed in real estate, unless the
which he/she is the owner as being licensee lists his/her property with a licensed real
for sale or exchange must state in all estate broker
advertising, as well as on any signs:
9. Who is the person to whom the agent the client
owes a fiduciary duty?
10. A temporary license shall be valid for one year
___ following the first day of the month
after its issuance.
11. How many days notice will a person 15 days
be given of a Commission hearing on
his/her behalf?
12. Following an audit by an independent annually
CPA, the exchange program should
submit a report of the percentage of
confirmed reservations:
13. The method purchasers are required reservation system
to utilize in order to reserve the use
and occupancy of accommodations in
a timeshare plan is known as the:
14. A licensee may transfer his/her license Commission in writing
from the active to the inactive status
by notifying the ____________, returning
license to the Commission, and paying
the appropriate fee.
15. their agency relationship in a real estate transaction
2/8
