Question

A licensee applying for a Mississippi non-resident license must have an active license in their home state and the home state must have:

a. A business relationship with the MREC
b. The exact same licensing requirements
c. A reciprocal agreement
d. At least one other broker from that state licensed in Mississippi

Answer 1

The correct answer is that a licensee applying for a Mississippi non-resident license must have an active license in their home state, and the home state must have a reciprocal agreement with Mississippi.

Step-by-step explanation:

The student has asked about the requirements for a licensee applying for a Mississippi non-resident license in the real estate sector. Specifically, the home state of the applicant must have a reciprocal agreement in place with Mississippi for the issuance of a non-resident license. Occupational licenses are crucial in various professions to ensure that practitioners meet certain education and testing standards, promoting quality in the labor market. Real estate brokers are among the many professionals required to have such licenses to operate legally across states, and reciprocal agreements facilitate this for brokers moving between some states.