Under Mississippi law, a landlord must return a tenant's security deposit within how many days after the tenancy ends?
Correct Answer
C) 45 days
Under Mississippi Code §89-8-21, a landlord must return the tenant's security deposit, along with an itemized written statement of any deductions, within 45 days after the termination of the tenancy. This 45-day period applies regardless of whether deductions are made. Mississippi's 45-day window is among the longest return periods in the country.
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Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
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.
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