EstatePass
Practice Of Real EstateCooperative_agreementsMEDIUM

For the Mississippi salesperson state portion, advertising for Mississippi real estate includes the cooperating nonresident broker. Which statement is correct?

Correct Answer

A) The Mississippi broker’s name and telephone number must appear with equal prominence to the nonresident broker’s name

Mississippi License Law §73-35-11 sets equal-prominence advertising requirements for cooperative agreements involving Mississippi real estate. 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.

Answer Options
A
The Mississippi broker’s name and telephone number must appear with equal prominence to the nonresident broker’s name
B
The rule is only a national exam concept and does not apply to Mississippi state practice.
C
The parties may waive the rule by private agreement without any written disclosure or Commission process.
D
The licensee may proceed first and document the issue only after closing.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

ms.S5cooperative_agreements

Key Terms:

mississippims.S5cooperative_agreementsadvertising-equal-prominence

Related Concepts

Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.

Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing