40+ Free Mississippi Real Estate Practice Exam Questions (August 2022)

Mississippi Real Estate Exam

1 / 40

Per Mississippi Rule 8.2, what is the organized body consisting of the owners of timeshare interests in a timeshare plan?

2 / 40

From whom does a provisional salesperson receive their compensation in Mississippi?

3 / 40

All fees collected under the Mississippi License Law are credited to what?

4 / 40

Whenever a Mississippi broker enters into a cooperative agreement with an out of state broker, the Mississippi broker must file a copy of the written agreement to the Commission within how many days?

5 / 40

If a licensee is charged with a violation from the Mississippi Real Estate Commission, how many days' notice will they have to appear for a hearing?

6 / 40

"Fiduciary Responsibilities" are those duties due the principal (client) in a real estate transaction. How many fiduciary responsibilities do Mississippi agents owe their clients?

7 / 40

Per Mississippi Rule 8.2, what is the share of funds required for the payment of common expenses that are assessed from time to time against each timeshare interest owner by the managing entity?

8 / 40

Members of the Mississippi Real Estate Commission are appointed by

9 / 40

How many years must members of the Mississippi Real Estate Commission be licensed as brokers before being appointed to the commission?

10 / 40

As part of their application for licensure, a broker candidate must submit recommendations from how many Mississippi citizens?

11 / 40

How long must real estate brokers keep records in Mississippi?

12 / 40

Mississippi law requires; anyone who lists, sells, leases, or deals in real estate transactions to

13 / 40

Under agency law in Mississippi Dual Agency is

14 / 40

A buyer named Jack is visiting an open house held by Jane’s Johnsons Realty. Jack tours the property but decides the property is not for him. He thanks the agent and leaves. Which of the following statements is true regarding this situation per Mississippi Agency Law?

15 / 40

What is the maximum amount of jail time imposed on a person for a FIRST-time offense pertaining to a violation of Mississippi License Law?

16 / 40

What is the maximum amount of jail time imposed on a person for a FIRST-time offense pertaining to a violation of Mississippi License Law?

17 / 40

How many years must members of the Mississippi Real Estate Commission be residents and citizens of Mississippi before being appointed to the commission?

18 / 40

What is the maximum monetary fine imposed on a person for a FIRST-time offense pertaining to a violation of Mississippi License Law?

19 / 40

What is the maximum monetary fine imposed on a person for a SECOND-time offense pertaining to a violation of Mississippi License Law?

20 / 40

Mississippi has real estate license reciprocity agreements with which states?

21 / 40

How often is continuing education required for Mississippi real estate licensees?

22 / 40

In terms of financing involved for a real estate purchase, which custom is practiced in Mississippi?

23 / 40

If a salesperson wants to change a responsible broker how many days do they have to notify the commission?

24 / 40

The Mississippi Real Estate Commission must receive proof of Errors and Omissions insurance from new licensees within how long?

25 / 40

Per Mississippi Agency Law who is the person to whom the agent owes a fiduciary duty?

26 / 40

When must real estate licensees provide a copy of a document to any party upon signing the document?

27 / 40

How long do Mississippi temporary licenses last?

28 / 40

If a broker is uncertain as to the proper disposition of earnest money, they may turn the money over to whom for disposition?

29 / 40

Is Mississippi a Community Property state?

30 / 40

Which of the following is a violation of Mississippi license law?

31 / 40

How many members does the Mississippi Real Estate Commission have?

32 / 40

What is the maximum monetary fine imposed on a corporation for a SECOND-time offense pertaining to a violation of Mississippi License Law?

33 / 40

If a licensee wants to transfer their license from active to inactive status what must they do?

34 / 40

According to license law in Mississippi when must a broker deposit transactional funds into a trust account?

35 / 40

How often are funds received from the Mississippi IREBEA program deposited?

36 / 40

After completing your state-specific pre-licensing how long do you have to your Mississippi salesperson's exam before your qualification expires?

37 / 40

How long does an applicant who has failed the Mississippi salesperson's exam twice have to wait before being allowed to re-take the exam?

38 / 40

Mississippi agents owe their clients six fiduciary responsibilities which of the following is NOT a fiduciary responsibility outlined in Mississippi statutes?

39 / 40

Per Mississippi Rule 8.2, any person who creates a timeshare plan or is in the business of selling timeshare interests, but this term includes only those persons who offer timeshare interests for disposition in the ordinary course of business and does not include those sellers who sell timeshare interests on their behalf is called what?

40 / 40

The IREBEA program is a voluntary program based upon willing participation by whom?

Your score is

Hello, welcome to our Mississippi Real Estate Practice Exam.

This free practice exam is here to help you master the state-specific portion of the Mississippi real estate exam. 
 
In Mississippi, there are 120 questions on the exam (80 national and 40 state). 

For help with the national portion, we have our national real estate license practice exam. That section can be used to study the topics featured on those 80 questions.  

For help with the state portion, you're in the right place! This section can be used to study the topics featured on those 40 questions.  

The two most effective study tools for the Mississippi state exam portion are using real estate practice exams and learning Mississippi state-specific license laws.

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Mississippi Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.


Mississippi Real Estate Exam FAQ’s

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Mississippi’s Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Mississippi requirements:

  • Must be 18 years or older.
  • Must complete a background check.
  • Must complete required state approved pre-licensing courses (60 credit hours).
  • Estimated cost of total fees and license: $185

How Hard is the Mississippi Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in Mississippi, the score to pass is 56 on the national and 30 on the state. With a total of 120 questions (80 national and 40 state).

How Many Questions Can You Miss on the Mississippi Real Estate Exam?

In Mississippi, you can miss 24 questions on the national and 10 on the state and still pass the real estate exam.

How Many Times Can You Take the Mississippi Real Estate Exam?

Mississippi allows up to 3 attempts to pass both the exam’s national and state law portions. If you fail one portion of the Mississippi real estate exam 3 times or your 2 month test period expires, you’ll need to retake your state-specific pre-licensing.


What Is on the Mississippi Real Estate Exam?

The 120 multiple-choice questions on the examination cover a variety of topics that are relevant to Mississippi real estate license law. Here are what topics you are expected to know:

Mississippi State Portion Salesperson:

  1. Mississippi Real Estate Commission and Licensing Requirements
  2. Mississippi Governing the Activities of Licensees
  3. Mississippi Real Estate Agency
  4. Mississippi Specific Real Estate Principles and Practices and Fair Housing Law
  5. Mississippi Broker Responsibilities, Including Supervision of Sales Associates
  6. Mississippi Records and Documents
  7. Mississippi Advertising/Marketing/Internet

Mississippi National Portion Salesperson:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate
  11. Real Estate Calculations

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