Mississippi Real Estate Exam Topics: Complete Breakdown

Mississippi Real Estate Exam Topics

The Mississippi real estate exam tests two bodies of knowledge: national real estate principles (80 questions) and Mississippi-specific law and practice (40 questions). Knowing exactly what topics appear in each section helps you prioritize your study time.

National Section Topics (80 Questions)

The national portion follows the PSI content outline and covers:

Property Ownership and Land Use Controls - Types of ownership (tenancy in common, joint tenancy, tenancy by the entirety) - Freehold vs. leasehold estates - Encumbrances: easements, liens, deed restrictions - Government powers: eminent domain, police power, escheat, taxation

Valuation and Market Analysis - Sales comparison, cost, and income approaches to value - Appraisal terminology and procedures - Comparative market analysis (CMA) vs. appraisal

Financing - Types of loans: conventional, FHA, VA, USDA - Truth in Lending Act (TILA), RESPA, Dodd-Frank - Loan-to-value ratios, qualifying ratios - Deed of trust vs. mortgage

Agency Law (National) - Types of agency: buyer's agent, seller's agent, dual agent, transaction broker - Fiduciary duties: loyalty, confidentiality, disclosure, obedience, reasonable care, accounting - Agency creation and termination

Contracts - Offer and acceptance, consideration, competent parties, legal purpose - Contingencies: financing, inspection, appraisal - Types of listings: exclusive right to sell, exclusive agency, open listing

Property Disclosures - Lead-based paint disclosure (pre-1978 homes) - Environmental hazards - Material facts

Transfer of Property - Types of deeds and their warranties - Title insurance: owner's and lender's policies - Closing process and settlement statements

Leasing and Property Management - Types of leases - Landlord-tenant law basics - Property management duties

Math - Commission calculations - Prorations - Loan calculations - Area and volume

Mississippi State Section Topics (40 Questions)

The state section is drawn from Mississippi-specific law, primarily Mississippi Code Title 73, Chapter 35.

MREC Structure and Authority - Commission composition: 5 members - Powers of the Commission: investigate, discipline, revoke licenses - Types of disciplinary action

Licensing Requirements - Salesperson prelicense: 60 hours - Broker requirements: experience and education thresholds - Reciprocity and out-of-state license recognition - License renewal: every 2 years, 16 hours CE

Trust Accounts and Record Keeping - Salesperson delivers funds to broker: by next business day - Broker deposits funds: within 3 business days - Record retention: 5 years - Commingling and conversion prohibitions

Agency Relationships in Mississippi - Buyer agency, seller agency, and dual agency under Mississippi law - Written disclosure requirements - Transaction broker status

Contracts and Disclosure - Mississippi Seller's Disclosure Statement: required for 1-4 unit residential - Required elements in a valid purchase contract - Earnest money handling

Property Ownership in Mississippi - Mississippi is NOT a community property state - Deed of trust used in place of mortgage - Non-judicial foreclosure procedures - Homestead rights and spousal signature requirements

Fair Housing in Mississippi - Mirrors federal law: 7 protected classes (race, color, religion, sex, national origin, disability, familial status) - Some local jurisdictions add sexual orientation - Prohibited acts: steering, blockbusting, redlining

How to Use This Topic List

Work through each topic category systematically. For the national section, any quality real estate exam prep course will cover the material. For the state section, you need Mississippi-specific resources.

[CARealestate.com/states/mississippi](https://carealestate.com/states/mississippi) provides practice questions organized by topic so you can target your weakest areas. Start with MREC rules and trust accounting — those topics appear on almost every Mississippi exam.