A license only gives one a personal privilege to do something on the land of another. A license is not an interest in land, but is a privilege to do something on the land of another person. Upon the sale of the property, subject to the license, the license terminates unless a new license is executed. This form is an example of such an agreement.
Mississippi General Form of License Agreement Regarding Right to use Real Property
State:
Multi-State
Control #:
US-00998BG
Format:
Word;
Rich Text
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How to fill out General Form Of License Agreement Regarding Right To Use Real Property?
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FAQ
In such instance herein where a responsible Mississippi broker enters into a cooperative agreement with a responsible nonresident broker pertaining to the sale of real property within the state of Mississippi, the responsible Mississippi broker must file two copies of the cooperating agreement with the Mississippi Real ...
"Mississippi Real Estate Commission," or "Commission" means the agency of the State of Mississippi created by §73-35-1, et seq. To regulate the licensing of real estate brokers and salespersons and by §73-35-35 directed to regulate the sale of timeshare and condominium properties.
Yes, under the Real Estate Law, a broker-associate can work in the capacity of a salesperson for another responsible broker(s) and also work as an independent broker. However, an affiliation agreement signed by the responsible broker and the broker-associate may prohibit such activity.
A real estate broker must keep on file for three years following its consummation, complete records relating to any real estate transaction. This includes, but is not limited to: listings, options, leases, offers to purchase, contracts of sale, escrow records, agency agreements and copies of all closing statements.
Here are five steps for earning your license in the state of Mississippi and starting your real estate career: Develop a career plan and know the pre-licensing requirement. ... Complete a pre-licensing education course. ... Secure a sponsoring broker. ... Apply for your state license. ... Take the Mississippi licensing exam.
Supplement and Pledge/Certification Forms: If you are a resident of Mississippi, you complete the Supplement to Application for Reciprocal License for a Resident of Mississippi. If you are NOT a resident of Mississippi, you complete the Supplement to Application for Reciprocal License for a Non-Resident of Mississippi.
A cooperating broker is a real estate agent or broker who works with other agents or brokers in order to sell a property. In most cases, a cooperating broker represents the seller of a property, while the other broker represents the buyer.
There are seven members on the committee, each appointed to a four-year term: Four of the members must be licensed real estate brokers with active licenses for at least five years leading up to the appointment to the commission.