In Mississippi real estate practice, an out-of-state broker is involved with Mississippi property under a cooperative agreement. What should the licensee remember?
Correct Answer
B) The Mississippi broker must require a listing or joint listing and supervise the showing of the property and negotiations
Mississippi License Law §73-35-11 requires a listing or joint listing and Mississippi-broker supervision of showings and negotiations. 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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In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
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