In Mississippi real estate practice, an out-of-state land developer wants to advertise out-of-state property to Mississippi residents. What should the licensee remember?
Correct Answer
B) Except for national publications, the developer must first contact MREC to have the property approved for advertising
MREC Rule 7.1 requires out-of-state land developers to contact MREC before advertising out-of-state property in Mississippi, except national publications. Source basis: MREC Rules and Regulations Rev. 02-21-2025, Part 1601 Chapter 7 and Chapter 8: out-of-state developers must contact MREC before advertising out-of-state property in Mississippi except national publications; MREC may inspect and require documentation; Mississippi broker representatives are responsible for truth and accuracy; timeshare sellers other than developer/regular employees must be licensed. Checked 2026-04-30.
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Related Topics & Key Terms
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Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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