A complaint has been filed against James, a licensed real estate salesperson in Mississippi, alleging that he misrepresented material facts to a buyer. After investigation, the MREC determines that the complaint is valid. Which of the following disciplinary actions is the MREC authorized to impose on James?
Correct Answer
B) Suspend or revoke James's license and impose an administrative fine
Under Miss. Code Ann. §73-35-21 and the Mississippi Real Estate Brokers License Act, the MREC has the authority to suspend or revoke a licensee's license and to impose administrative fines as disciplinary sanctions. These are the core enforcement tools available to the commission for license law violations.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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