In Mississippi, a real estate license is required when a person performs real estate activities on behalf of another for what purpose?

Correct Answer

B) To receive compensation for selling another person's property

Under the Mississippi Real Estate Broker License Act, a real estate license is required when a person performs real estate activities — such as selling, buying, leasing, or negotiating — on behalf of another person for compensation. Owners selling their own property, licensed attorneys acting within the scope of their legal practice, and lenders financing transactions are among those exempt from the licensing requirement. Compensation is the key trigger: acting for another party without compensation generally does not require a license.