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Article: Connecticut real estate brokerage firm sues Mississippi Real Estate Commission
- Article from:
- The Mississippi Business Journal
- Article date:
- October 7, 1996
- Author:
CopyrightCopyright Mississippi Business Journal Oct 07, 1996. Provided by ProQuest LLC. (Hide copyright information)
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The Mississippi Real Estate Commission has come under fire from an out-of-state real estate brokerage firm over a newly-enacted rule the firm claims would inhibit its dealings in Mississippi.
PHH Real Estate Services Corp. of Danbury, Conn., filed a civil lawsuit earlier this month against the commission in U.S. District Court in Jackson asking the court to rescind a rule concerning giving portions of commissions to unlicensed people.
The new rule, effective Sept. 9, denies any portion of a commission or other compensation from a real estate deal to anyone who does not have a Mississippi real estate license.
The rule hits PHH, according to company officials, because PHH is a licensed real ...