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Free Mississippi Real Estate Broker State Specific Portion Practice Questions

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Sample Practice Questions

Try these 10 sample questions from the Mississippi Real Estate Broker State Specific Portion practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

  1. 1After MREC files charges against a Mississippi broker, what minimum notice must the broker receive before the disciplinary hearing?

    1. A. 10 days
    2. B. 15 days
    3. C. 30 days
    4. D. 60 days

    Answer: B

    Explanation: The controlling statute says the person charged "shall be given fifteen (15) days’ notice of the hearing upon the charges filed." Therefore 15 days is the required notice period.

    Reference: Mrec License Law (2026) — Miss. Code Ann. § 73-35-23(1)

  2. 2What minimum age must a resident applicant have to qualify for a Mississippi broker license?

    1. A. 18
    2. B. 19
    3. C. 21
    4. D. 25

    Answer: C

    Explanation: The resident broker provision says the applicant "shall be age twenty-one (21) years or over."

    Reference: Mrec License Law (2026) — Miss. Code Ann. § 73-35-7

  3. 3For a covered option-to-purchase transaction, when must the seller's PCDS be delivered?

    1. A. As soon as practicable before execution of the contract
    2. B. Within 10 days after closing
    3. C. At recording of the deed
    4. D. Only after the inspection period

    Answer: A

    Explanation: For a sales contract or lease with an option, delivery is required "as soon as practicable before execution of the contract," and execution means making or accepting an offer.

    Reference: Mrec License Law (2026) — Miss. Code Ann. § 89-1-503(1)(b)

  4. 4What consent is required before a Mississippi licensee may act as a disclosed dual agent?

    1. A. Informed written consent of both seller and buyer
    2. B. Oral consent of the seller only
    3. C. Approval by the closing attorney
    4. D. Approval by MREC for each transaction

    Answer: A

    Explanation: The MREC form defines a disclosed dual agent as acting "with the informed written consent of the Seller and Buyer."

    Reference: Mrec Working With Broker Current — MREC Agency Disclosure Form A, Disclosed Dual Agent

  5. 5When must the two principal brokers complete MREC's current cooperative agreement relative to licensable activity?

    1. A. Before any licensable activity
    2. B. Within three days after closing
    3. C. After the first commission payment
    4. D. At the next biennial renewal

    Answer: A

    Explanation: The current form instructs brokers to complete it "prior to any licensable activity."

    Reference: Mrec Coop Agreement (2025) — page 1, Instructions for Mississippi-Licensed Principal Broker

  6. 6After acceptance of a mutually agreeable contract, by when does Rule 3.4 require the responsible broker to deposit earnest money?

    1. A. By close of business the next banking day
    2. B. Within three calendar days
    3. C. Within five business days
    4. D. At closing

    Answer: A

    Explanation: Rule 3.4 requires deposit "prior to the close of business of the next banking day."

    Reference: Mrec Rules (2025) — Part 1601, Chapter 3, Rule 3.4(A)

  7. 7What subjects must a Mississippi responsible broker teach affiliated licensees under Rule 3.1?

    1. A. Practice fundamentals, professional ethics, and Mississippi license law
    2. B. Only office sales goals and branding
    3. C. Only federal income-tax preparation
    4. D. Appraisal licensing and surveying techniques only

    Answer: A

    Explanation: The rule makes it the broker's duty to instruct licensees in "the fundamentals of real estate practice, ethics of the profession and the Mississippi Real Estate License Law."

    Reference: Mrec Rules (2025) — Part 1601, Chapter 3, Rule 2.2

  8. 8For how long after consummation must a Mississippi broker retain complete transaction records?

    1. A. 1 year
    2. B. 2 years
    3. C. 3 years
    4. D. 5 years

    Answer: C

    Explanation: Rule 3.2 requires the broker to keep complete records "for three years following its consummation."

    Reference: Mrec Rules (2025) — Part 1601, Chapter 3, Rule 3.2(G)

  9. 9Does Mississippi's definition of advertisement include public blogs and social-networking websites?

    1. A. They are covered advertising media
    2. B. Only printed media are covered
    3. C. They are covered only when the post is paid
    4. D. They are covered only for commercial property

    Answer: A

    Explanation: Rule 3.3 includes "public blogs, social media- networking websites, and/or internet displays" within electronic-media advertising.

    Reference: Mrec Rules (2025) — Part 1601, Chapter 3, Rule 3.3(A)

  10. 10Which evidentiary standard does Mississippi law direct MREC to use when examining factors at a disciplinary hearing?

    1. A. Probable cause
    2. B. Preponderance of the evidence
    3. C. Clear and convincing evidence
    4. D. Beyond a reasonable doubt

    Answer: C

    Explanation: Section 73-35-23 provides: "The clear and convincing standard of proof shall be used to examine factors during all hearings." That is the specified standard.

    Reference: Mrec License Law (2026) — Miss. Code Ann. § 73-35-23(1)

Topics in this practice bank

These topics describe the available practice for Mississippi Real Estate Broker State Specific Portion. Review the examination outline and its sources for scope and allocation details.

  • Powers and Duties of the Real Estate Commission (Broker 4 Items)
    • Hearings, including subpoena power
    • Purpose and jurisdiction
    • Violations
    • Penalties MREC can impose
  • Licensing Requirements and License Maintenance (Broker 4 Items)
    • General licensing requirements
    • Continuing and Post-licensing ed req
    • E & O insurance
    • Disqualifying issues
    • Activities Requiring License (incl. time shares, auctions, prop mgmnt)
    • Exemptions from licensure
    • Inactive license
    • Rules about receiving and Sharing Commissions.
  • Property Condition Disclosures (Broker 6 Items)
    • Disclosure form (delivery, who completes)
    • Stigmatizing factors
    • Licensee responsibility to advise client, ensure completeness
    • Exemptions from Disclosure - no exemption for new construction
    • Disclosure form is not part of contract (see form) but is attached to listing
    • Material changes allow buyer to void contract
  • Agency Disclosure and Duties to Parties (Broker 8 Items)
    • Dual Agency Disclosure
    • Working with a Real Estate Broker
    • Disclosure of licensed status if a principal
    • Timing of disclosure, Rules about parties to whom disclosure must be made
    • Buyer may withdraw from Buyer-Broker agreement w 15 days' notice
    • General Duties to all Parties
  • Out-of-State Brokers and Developers (Broker 3 Items)
    • Cooperative agreements
    • Reciprocal licenses
  • Trust Accounts (Broker 3 Items)
    • Handling of earnest money
    • General acctg practices; no commingling
    • Broker is account holder; Salesperson may not establish prop mgt escrow acct independent of broker
    • Disbursement issues (interpleader)
  • Broker Responsibilities, Including Supervision of Sales Associates (Broker 5 Items)
    • Supervision of associated licensees
    • Inform MREC of change in associate status/termination
    • Responsibility for acts of associates
    • License display; place of business
    • Broker Price Opinion
    • Associates’ Compensation
  • Records and Documents (Broker 4 Items)
    • Length of time to keep (Routine, if litigation)
    • Records that are included in this requirement
    • Disposition of records after close of a business
    • Electronic records OK
  • Advertising/Marketing/Internet (Broker 3 Items)
    • Social media and internet are advertising (part of "ALL advertising")
    • Must advertise in broker's name
    • Broker must permit/approve advertising
    • Private controls

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These are independent study questions, not actual examination items. For examination requirements and official information, view Mississippi Real Estate Broker State Specific Portion details.