Final answer:
An out-of-state state broker can conduct real estate business in Mississippi if they partner with a Mississippi licensed broker, according to state law requiring cooperative brokerage agreements.
Step-by-step explanation:
In the context of real estate, a state broker from outside the state of Mississippi (MS) may conduct real estate business within MS provided they collaborate with a broker who is licensed in that state. This relationship is often governed by state laws and regulations, which are put in place to ensure that all real estate transactions are carried out with professional oversight and in compliance with local requirements. To operate legally, the out-of-state broker must seek a cooperative arrangement with an in-state licensed broker, often referred to as a cooperative brokerage agreement. This partnership helps ensure adherence to MS real estate laws and provides appropriate accountability.