Final answer:
A licensed MS broker can cooperate with a broker licensed in another state who does not hold a MS license through inter-state cooperation while adhering to laws and regulations.
Step-by-step explanation:
A licensed MS broker can cooperate with a broker licensed in another state who does not hold a MS license through the process of inter-state cooperation. This involves the MS broker collaborating with the out-of-state broker while adhering to the laws and regulations of both states.
For example, the MS broker can work with the out-of-state broker by sharing listings, providing referrals, or entering into cooperative agreements. This allows both brokers to serve clients in their respective states while leveraging each other's expertise and resources.
It is important for the licensed MS broker to be knowledgeable about the real estate regulations and requirements of both states involved to ensure compliance and a smooth cooperation.