THE CE SHOP REAL ESTATE EXAM STUDY
GUIDE BUNDLE 2026 COMPLETE
QUESTIONS AND SOLUTIONS
⩥ Edna leased her house to Joan with a right of first refusal. Edna's
cousin just offered her $250,000 for the house. What does Joan have to
do if she wants to buy the house? Answer: Match the offer on the table
⩥ Online and social media advertisements for Mississippi real estate
must ____ Answer: Comply with all federal and state real estate
advertising rules
⩥ Paul and Blake are touring an open house when they notice that the
glass on the sliding patio door is very foggy. Is this a concern, and if so,
why? Answer: Yes, this is a sign of a leaky seal which reduces efficiency
⩥ What's the term for someone who has agency representation with the
licensee? Answer: Client
⩥ Kyle, a Mississippi licensee, wants to promote some of his listed
properties on his business Facebook page. Which of the following must
her do? Answer: Make sure his principal broker's or brokerage's name is
prominently displayed
,⩥ What can water damage on a ceiling or wall indicate? Answer:
Plumbing Issues
⩥ Why did the implementation of TRID impact closing dates? Answer:
Certain financing changes may trigger a new three-day waiting period
⩥ Who is responsible for ensuring property descriptions are accurate?
Answer: Sell and seller's agent
⩥ Two buyers entered into a contract to purchase a home. One of the
buyers pulled out of the deal, and a substitute buyer took the original
buyer's place in the contract. All of the parties agreed to the substitution.
What is this an example of? Answer: Novation
⩥ Greta is working with agent Brandon to sell some property. Nelson
represents the buyer, Rigby. Of these four parties, who will pay the
earnest money? Answer: Rigby
⩥ What's the purpose of the Home Mortgage Disclosure Act? Answer:
Requires financial institutions to maintain, report, and publicly disclose
information about their mortgages
⩥ The income approach to valuation is used _____ Answer: For some
single-family houses and two- to four-family units
, ⩥ Quentin brought an application before city council to build a shopping
mall on 17 acres south of town that currently don't have a zoning
designation. The council referred him to the planning commission,
which will review the application in light of the city's ____ Answer:
Comprehensive Plan
⩥ A property was sold using a general warranty deed. Which one of
these statements is true? Answer: The buyer is the grantee
⩥ Which of the following is a requirement in order to be appointed to
MREC? Answer: Must have been a Mississippi resident for six years, a
broker for five years, and be able to serve a four-year term.
⩥ What does CC&R stand for? Answer: Covenants, conditions, and
restrictions
⩥ Which one of these would void a deed that's intended to convey
property? Answer: The grantor is not mentally competent
⩥ Mississippi licensee Adele had just arrived at the Office on Saturday
morning when a potential buyer who introduced herself as Jess stopped
in. Jess had several printouts of properties she'd found online, and said to
Adele, "I was wondering if you could take me to tour these properties I
found Online." What's the best way for Adele to answer? Answer: "I'd
love to help you! We'll need to discuss a few things first, though."
GUIDE BUNDLE 2026 COMPLETE
QUESTIONS AND SOLUTIONS
⩥ Edna leased her house to Joan with a right of first refusal. Edna's
cousin just offered her $250,000 for the house. What does Joan have to
do if she wants to buy the house? Answer: Match the offer on the table
⩥ Online and social media advertisements for Mississippi real estate
must ____ Answer: Comply with all federal and state real estate
advertising rules
⩥ Paul and Blake are touring an open house when they notice that the
glass on the sliding patio door is very foggy. Is this a concern, and if so,
why? Answer: Yes, this is a sign of a leaky seal which reduces efficiency
⩥ What's the term for someone who has agency representation with the
licensee? Answer: Client
⩥ Kyle, a Mississippi licensee, wants to promote some of his listed
properties on his business Facebook page. Which of the following must
her do? Answer: Make sure his principal broker's or brokerage's name is
prominently displayed
,⩥ What can water damage on a ceiling or wall indicate? Answer:
Plumbing Issues
⩥ Why did the implementation of TRID impact closing dates? Answer:
Certain financing changes may trigger a new three-day waiting period
⩥ Who is responsible for ensuring property descriptions are accurate?
Answer: Sell and seller's agent
⩥ Two buyers entered into a contract to purchase a home. One of the
buyers pulled out of the deal, and a substitute buyer took the original
buyer's place in the contract. All of the parties agreed to the substitution.
What is this an example of? Answer: Novation
⩥ Greta is working with agent Brandon to sell some property. Nelson
represents the buyer, Rigby. Of these four parties, who will pay the
earnest money? Answer: Rigby
⩥ What's the purpose of the Home Mortgage Disclosure Act? Answer:
Requires financial institutions to maintain, report, and publicly disclose
information about their mortgages
⩥ The income approach to valuation is used _____ Answer: For some
single-family houses and two- to four-family units
, ⩥ Quentin brought an application before city council to build a shopping
mall on 17 acres south of town that currently don't have a zoning
designation. The council referred him to the planning commission,
which will review the application in light of the city's ____ Answer:
Comprehensive Plan
⩥ A property was sold using a general warranty deed. Which one of
these statements is true? Answer: The buyer is the grantee
⩥ Which of the following is a requirement in order to be appointed to
MREC? Answer: Must have been a Mississippi resident for six years, a
broker for five years, and be able to serve a four-year term.
⩥ What does CC&R stand for? Answer: Covenants, conditions, and
restrictions
⩥ Which one of these would void a deed that's intended to convey
property? Answer: The grantor is not mentally competent
⩥ Mississippi licensee Adele had just arrived at the Office on Saturday
morning when a potential buyer who introduced herself as Jess stopped
in. Jess had several printouts of properties she'd found online, and said to
Adele, "I was wondering if you could take me to tour these properties I
found Online." What's the best way for Adele to answer? Answer: "I'd
love to help you! We'll need to discuss a few things first, though."
