Mississippi Real Estate Exam, PSI REAL ESTATE!!! MISSISSIPPI EXAM -
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
How much time is given to pass the Mississippi salesperson exam? (Total includes State and National
portion) - (ANSWER)4 hours or 240 minutes
How many continuing education hours are required? (Every renewal cycle) - (ANSWER)16 hours
In order to obtain a Mississippi Real Estate License must have a high school diploma? - (ANSWER)True
How often must you renew your sales agent license? ( A renewal notice will be sent out about 90 days
before your expiration date) - (ANSWER)Every two years
How old do you have to be in Mississippi to obtain a Real Estate License? (You must be either U. S. citizen
or a lawfully admitted alien) - (ANSWER)18 years old
What are the prelicense course requirements for a salesperson and broker's license? - (ANSWER)60 hour
for a salesperson, 120 hours for a broker
What are the requirements to MREC demands of E&O insurance? - (ANSWER)Maximum deductible of
$2,500 per claim for damages and maximum deductible of $1,000 per claim for defense cost
An applicant for a salesperson's license has failed the written exam twice. What will happen next? -
(ANSWER)The applicant must wait 3 months before taking the exam a third time.
If the MREC receives a complaint against a licensee, what steps if any will it take? - (ANSWER)The MREC
may hold a hearing of its own volition upon receiving a complaint against a licensee.
Can an agent of a corporation that has been found guilty of violating license law also be punished for the
corporation's actions? - (ANSWER)Yes, if the agent personally participated in or was an accessory to the
violation.
,Mississippi Real Estate Exam, PSI REAL ESTATE!!! MISSISSIPPI EXAM -
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
If a broker has his license suspended by the MREC, what can the licensees working for him do? -
(ANSWER)Transfer to another responsible broker.
What type of license is issued to a person who passes the salesperson's license exam? -
(ANSWER)Temporary license holder for a year.
How many hours of post-license education must be completed before a permanent license is issued by
the MREC? - (ANSWER)30 hours
Can a temporary license be renewed? - (ANSWER)No
Is a licensee required to verify qualified third party claims of the square footage of a property in a
transaction? - (ANSWER)No, a licensee is not required to verify third party information regarding the
square footage of property
Can a salesperson be held liable for any damages after providing a property's square footage that was
obtained from a third party? - (ANSWER)Yes, if the salesperson knowingly violated his or her duty to
disclose the source of the information.
If a licensee violated the disclosure of a property's size, when should the injured party take action? -
(ANSWER)Action must be initiated within 2 years of the date the property transferred
Can a broker act as a dual agent in MS? - (ANSWER)Yes, provided he or she obtains the written
agreement of all parties before commencing the dual agency.
Before a broker enters into a single agency agreement, to whom should he disclose his proposed
agency? - (ANSWER)To the party he intends to represent
, Mississippi Real Estate Exam, PSI REAL ESTATE!!! MISSISSIPPI EXAM -
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
Can a buyer sue a broker for punitive damages? - (ANSWER)No, Lauren cannot sue for punitive damages,
only actual damages.
Is an "oral signature" acceptable on a disclosure form? - (ANSWER)Yes, if the broker notes it as so on the
disclosure form to get the written signature
Can a licensed broker use a PO BOX number as his or her place of business? - (ANSWER)A PO BOX may
not be used as a broker's place of business
A licensee can receive commissions from brokers other than his or her designated responsible broker. -
(ANSWER)False, licensee can only receive compensation from their designated responsible broker
When a licensee is selling his or her own property, they cannot face disciplinary actions by the MREC for
improper conduct. - (ANSWER)False, a licensee is bound by license law during all real estate activity,
including selling his or her own property
An out of state broker may conduct real estate business in MS if he/she works with a MS licensed
broker? - (ANSWER)True, a broker licensed in another state can engage in real estate MS provided he or
she enters into a cooperative agreement with a broker licensed in MS.
What requirements must an exclusive listing agreement fulfill? - (ANSWER)An exclusive listing agreement
must be in writing, identify the property being sold, contain all the terms and conditions under which
the transaction is to be completed, such as, sale price, signatures of all parties and date of expiration.
Is a licensee required to disclose that he/she is a licensed real estate agent in an advertisement when
selling his or her own property? - (ANSWER)All licensees must indicate that they are a licensed real
estate agent in any or all advertising, even when selling their own property
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
How much time is given to pass the Mississippi salesperson exam? (Total includes State and National
portion) - (ANSWER)4 hours or 240 minutes
How many continuing education hours are required? (Every renewal cycle) - (ANSWER)16 hours
In order to obtain a Mississippi Real Estate License must have a high school diploma? - (ANSWER)True
How often must you renew your sales agent license? ( A renewal notice will be sent out about 90 days
before your expiration date) - (ANSWER)Every two years
How old do you have to be in Mississippi to obtain a Real Estate License? (You must be either U. S. citizen
or a lawfully admitted alien) - (ANSWER)18 years old
What are the prelicense course requirements for a salesperson and broker's license? - (ANSWER)60 hour
for a salesperson, 120 hours for a broker
What are the requirements to MREC demands of E&O insurance? - (ANSWER)Maximum deductible of
$2,500 per claim for damages and maximum deductible of $1,000 per claim for defense cost
An applicant for a salesperson's license has failed the written exam twice. What will happen next? -
(ANSWER)The applicant must wait 3 months before taking the exam a third time.
If the MREC receives a complaint against a licensee, what steps if any will it take? - (ANSWER)The MREC
may hold a hearing of its own volition upon receiving a complaint against a licensee.
Can an agent of a corporation that has been found guilty of violating license law also be punished for the
corporation's actions? - (ANSWER)Yes, if the agent personally participated in or was an accessory to the
violation.
,Mississippi Real Estate Exam, PSI REAL ESTATE!!! MISSISSIPPI EXAM -
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
If a broker has his license suspended by the MREC, what can the licensees working for him do? -
(ANSWER)Transfer to another responsible broker.
What type of license is issued to a person who passes the salesperson's license exam? -
(ANSWER)Temporary license holder for a year.
How many hours of post-license education must be completed before a permanent license is issued by
the MREC? - (ANSWER)30 hours
Can a temporary license be renewed? - (ANSWER)No
Is a licensee required to verify qualified third party claims of the square footage of a property in a
transaction? - (ANSWER)No, a licensee is not required to verify third party information regarding the
square footage of property
Can a salesperson be held liable for any damages after providing a property's square footage that was
obtained from a third party? - (ANSWER)Yes, if the salesperson knowingly violated his or her duty to
disclose the source of the information.
If a licensee violated the disclosure of a property's size, when should the injured party take action? -
(ANSWER)Action must be initiated within 2 years of the date the property transferred
Can a broker act as a dual agent in MS? - (ANSWER)Yes, provided he or she obtains the written
agreement of all parties before commencing the dual agency.
Before a broker enters into a single agency agreement, to whom should he disclose his proposed
agency? - (ANSWER)To the party he intends to represent
, Mississippi Real Estate Exam, PSI REAL ESTATE!!! MISSISSIPPI EXAM -
2026 (Questions + Answers) with verified Answers (Latest Update 2026)
UPDATE!!
Can a buyer sue a broker for punitive damages? - (ANSWER)No, Lauren cannot sue for punitive damages,
only actual damages.
Is an "oral signature" acceptable on a disclosure form? - (ANSWER)Yes, if the broker notes it as so on the
disclosure form to get the written signature
Can a licensed broker use a PO BOX number as his or her place of business? - (ANSWER)A PO BOX may
not be used as a broker's place of business
A licensee can receive commissions from brokers other than his or her designated responsible broker. -
(ANSWER)False, licensee can only receive compensation from their designated responsible broker
When a licensee is selling his or her own property, they cannot face disciplinary actions by the MREC for
improper conduct. - (ANSWER)False, a licensee is bound by license law during all real estate activity,
including selling his or her own property
An out of state broker may conduct real estate business in MS if he/she works with a MS licensed
broker? - (ANSWER)True, a broker licensed in another state can engage in real estate MS provided he or
she enters into a cooperative agreement with a broker licensed in MS.
What requirements must an exclusive listing agreement fulfill? - (ANSWER)An exclusive listing agreement
must be in writing, identify the property being sold, contain all the terms and conditions under which
the transaction is to be completed, such as, sale price, signatures of all parties and date of expiration.
Is a licensee required to disclose that he/she is a licensed real estate agent in an advertisement when
selling his or her own property? - (ANSWER)All licensees must indicate that they are a licensed real
estate agent in any or all advertising, even when selling their own property
