MISSISSIPPI REAL ESTATE SALESPERSON EXAM PRACTICE
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Mississippi Real Estate Commission is responsible for:
A. Collecting property taxes
B. Licensing and regulating real estate professionals
C. Approving mortgages
D. Conducting appraisals
Answer: B
Rationale: The Mississippi Real Estate Commission regulates licensing and professional conduct.
2. A Mississippi real estate salesperson must work under a:
A. Lender
B. Licensed broker
C. Attorney
D. Appraiser
Answer: B
Rationale: Salespersons must be supervised by a licensed broker.
3. Real property includes:
A. Furniture
B. Land and permanently attached improvements
C. Jewelry
D. Vehicles
Answer: B
Rationale: Real property consists of land and attached fixtures.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estates
D. Encumbrances
Answer: B
Rationale: Chattel refers to movable personal property.
5. A fixture is:
A. Temporary property
B. Permanently attached property
C. A lease
D. A mortgage
Answer: B
Rationale: Fixtures become part of the real estate when attached.
6. The Statute of Frauds requires real estate contracts to be:
A. Oral
B. Written
C. Witnessed only
D. Notarized only
Answer: B
Rationale: Real estate contracts must be in writing to be enforceable.
7. Fiduciary duties include:
A. Loyalty
B. Tax preparation
C. Appraisal
D. Financing
Answer: A
Rationale: Loyalty is a fiduciary obligation owed to clients.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Obedience
C. Accounting
D. Advertising
Answer: D
Rationale: Advertising is not a fiduciary duty.
9. The Fair Housing Act prohibits discrimination based on:
A. Education
B. Protected classes
C. Occupation
D. Credit score
Answer: B
Rationale: Federal law protects specific classes from discrimination.
10. Steering is:
A. Advising on loans
B. Guiding buyers toward areas based on protected status
C. Appraising property
D. Conducting inspections
Answer: B
Rationale: Steering is illegal discrimination.
11. Blockbusting involves:
A. Home remodeling
B. Encouraging panic selling based on demographic changes
C. Loan processing
D. Property management
Answer: B
Rationale: Blockbusting is an illegal practice.
12. A deed is used to:
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Mississippi Real Estate Commission is responsible for:
A. Collecting property taxes
B. Licensing and regulating real estate professionals
C. Approving mortgages
D. Conducting appraisals
Answer: B
Rationale: The Mississippi Real Estate Commission regulates licensing and professional conduct.
2. A Mississippi real estate salesperson must work under a:
A. Lender
B. Licensed broker
C. Attorney
D. Appraiser
Answer: B
Rationale: Salespersons must be supervised by a licensed broker.
3. Real property includes:
A. Furniture
B. Land and permanently attached improvements
C. Jewelry
D. Vehicles
Answer: B
Rationale: Real property consists of land and attached fixtures.
4. Personal property is also known as:
,A. Fixtures
B. Chattels
C. Estates
D. Encumbrances
Answer: B
Rationale: Chattel refers to movable personal property.
5. A fixture is:
A. Temporary property
B. Permanently attached property
C. A lease
D. A mortgage
Answer: B
Rationale: Fixtures become part of the real estate when attached.
6. The Statute of Frauds requires real estate contracts to be:
A. Oral
B. Written
C. Witnessed only
D. Notarized only
Answer: B
Rationale: Real estate contracts must be in writing to be enforceable.
7. Fiduciary duties include:
A. Loyalty
B. Tax preparation
C. Appraisal
D. Financing
Answer: A
Rationale: Loyalty is a fiduciary obligation owed to clients.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Obedience
C. Accounting
D. Advertising
Answer: D
Rationale: Advertising is not a fiduciary duty.
9. The Fair Housing Act prohibits discrimination based on:
A. Education
B. Protected classes
C. Occupation
D. Credit score
Answer: B
Rationale: Federal law protects specific classes from discrimination.
10. Steering is:
A. Advising on loans
B. Guiding buyers toward areas based on protected status
C. Appraising property
D. Conducting inspections
Answer: B
Rationale: Steering is illegal discrimination.
11. Blockbusting involves:
A. Home remodeling
B. Encouraging panic selling based on demographic changes
C. Loan processing
D. Property management
Answer: B
Rationale: Blockbusting is an illegal practice.
12. A deed is used to:
