2013 Mississippi Code
Title 73 - PROFESSIONS AND VOCATIONS
Chapter 35 - REAL ESTATE BROKERS
INTEREST ON REAL ESTATE BROKERS' ESCROW ACCOUNTS ACT
§ 73-35-103 - Definitions

As used in Sections 73-35-101 through 73-35-105, the following terms shall have the meanings ascribed herein unless the context clearly indicates otherwise:

(a) "Real estate broker" or "broker" means an individual, partnership or corporation licensed pursuant to Section 73-35-1 et seq., and as defined under Section 73-35-3(1).

(b) "IREBEA" means the program created and governed by Sections 73-35-101 through 73-35-105.

(c) "Interest earnings" means the total interest earnings generated by the IREBEA at each individual financial institution.

(d) "Local affiliate of Habitat for Humanity International, Inc.," means an independently run 501(c)(3) organization that acts in partnership with and on behalf of Habitat for Humanity International, Inc., to coordinate all aspects of Habitat home building in a specific geographical area.

(e) Local affiliate of Fuller Center for Housing, Inc., means an independently run 501(c)(3) organization that acts in partnership with and on behalf of Fuller Center for Housing, Inc., to coordinate all aspects of home building on behalf of the Fuller Center in a specific geographical area.

(f) "Chair of real estate" means the endowment fund held and administered by any Mississippi university. For those universities which do not designate or which do not have a "chair of real estate," the term "chair of real estate" includes a professorship of real estate.