The contract contains detailed information about the seller and buyer of real estate; The description of the property The purchase price and serious money of the contract; How to finance The property, etc. The contract is very detailed since it is signed without the services of a broker. This document has the force of law and is very useful in the event of a dispute between the parties. The Mississippi Sales Contract is a formal contract that enters into effect when two parties complete the sale of residential real estate. If a person is interested in buying a home that is on the market, they will use the sales contract to make an offer to the seller. The agreement should include the purchase price proposed by the buyer, the details of the credit and the amount of the serious cash payment. It is ultimately up to the seller to approve the contractual provisions or to submit a counter-proposal by adding the provisions he has incorporated. If both parties reach a compromise, they can close the transaction by completing the signature portion of the form. (Note: all necessary information about the seller must be provided to the buyer before the contract is concluded).) In Mississippi, sellers are required to enter into a real estate purchase agreement the following report for the sale to be considered legally binding: PROPERTY CONDITION DISCLOSURE STATEMENT (PCDS) – legal SELLER`S STATEMENT OF EXCUSION FROM EXCUSING FROM EXCUSING FROM EXCUSING FROM EXCUSING THE PCDS – legal INFORMATION STATEMENT FOR MISSISSIPPI PCDS – legal RESIDENT BROKER`S APPLICATION – This application is made for a Mississippi resident who wishes to apply for a license. RESIDENT SALESPERSON APPLICATION – Resident Salesperson applications for real estate license.
RESIDENTIAL ADDRESS CHANGE FORM – Please inform MREC by filling out this form if you have any changes to your personal data. No charge is required to change your personal information. SALESPERSON TRANSFER APPLICATION – This form is used when a seller switches to another responsible broker. SALESPERSON REACTIVATION FORM – This form is used when a seller reactivates his license. STUDY GUIDES – Please send this form with your payment for the purchase of study guide materials for real estate exams. SWORN STATEMENT / COMPLAINT FORM – This is the official form for filing a complaint with the MREC. This document is filled out if individuals wish to buy or sell real estate without a broker. The contract is used in the state of West Virginia. BROKER CERTIFICATION FORM BROKER TRANSFER APPLICATION – This form is used when an agent switches from one broker to another. BROKER REACTIVATION FORM – This form is used when a broker reactivates its license. BUSINESS ADDRESS CHANGE FORM – This form is used to correctly change your business address with our office. LICENSURE CERTIFICAT – This form can only be used by REAL ESTATE licensees.
CO-OP AGREEMENT – Revised cooperation agreement with key non-resident agents. BROKERAGE FIRM APPLICATION – This form is used for the opening of a brokerage license by a broker. DUAL AGENCY CONFIRMATION FORM – Add to all offers and contracts in dual-agency situations. The deadline for the agreement is set in the text. MREC CONTINUING EDUCATION COURSE APPLICATION – This application must be completed and returned to the MREC for the authorization/renewal of continuing education courses. MREC EDUCATION PROVIDER LIST – Current list of real estate pre-licensing providers. MREC INACTIVE STATUS ADDRESS FORM – Used when a licensee places his license in “inactive” status. MREC POST-LICENSING COURSE APPLICATION – Application for training providers applying for admission after licensing.
NO-RESIDENT OR RECIPROCAL BROKER`S LICENSE APPLICATION – This application must be completed and returned to MREC to apply for the license in Mississippi.