A Mississippi licensee asks about a Mississippi broker enters a cooperative agreement with an out-of-state broker. What is the best answer?
Correct Answer
D) The Mississippi broker must determine that the cooperating broker is licensed as a broker in another state and is liable for acts arising from the cooperative agreement
Mississippi License Law §73-35-11 requires the Mississippi broker to determine the cooperating broker is licensed and makes the Mississippi broker liable for cooperative-agreement acts. Source basis: MREC License Law Rev. 08-15-2025: Section 73-35-11 cooperative agreements, nonresident broker limits, Mississippi broker supervision/liability, advertising, escrow, and Section 73-35-13 reciprocity/examination exemptions. Checked 2026-04-30.
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