Mississippi Agency
Practice Questions & Answers (2026)
Agency law is one of the most tested subjects on the Mississippi real estate exam, and it's also one of the most misunderstood. The Mississippi Real Estate Commission (MREC) expects licensees to understand the legal duties owed to clients vs. customers, and the specific timing of required disclosures under Mississippi law. Study these questions carefully — candidates who rely on national agency frameworks and don't account for MS-specific rules are among the most common failures on the state portion.
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Mississippi Agency — Practice Questions & Answers
109 questions on Agency from the Mississippi real estate question bank. First 10 are free — sign up to unlock all 109.
Q1. Mississippi law requires real estate licensees to provide an agency disclosure:
Explanation
Mississippi requires licensees to disclose their agency relationship at the first substantive contact with a prospective buyer or seller so consumers understand who represents their interests.
Q2. A Mississippi seller's agent must disclose to a buyer any:
Explanation
Even while representing the seller, a Mississippi licensee must disclose known material defects in the property to prospective buyers. This is a non-waivable duty owed to all parties.
Q3. Dual agency in Mississippi requires all of the following EXCEPT:
Explanation
Mississippi requires written consent and proper disclosure for dual agency but does not require transaction-by-transaction MREC approval. Dual agency is permitted with informed written consent of both parties.
Q4. An agent who represents neither the buyer nor the seller but helps both parties complete a transaction is called a:
Explanation
A transaction broker or intermediary assists both parties in completing the transaction without acting as a fiduciary for either. This role is permissible in Mississippi with proper disclosure.
Q5. A buyer's agent in Mississippi may NOT:
Explanation
A buyer's agent owes the duty of confidentiality to the buyer. Disclosing the buyer's negotiating strategy or maximum price to the seller would be a breach of the agent's fiduciary duty.
Q6. Agency by ratification occurs when:
Explanation
Agency by ratification is created when a principal accepts or approves an agent's unauthorized act after it has occurred, thereby creating a valid agency relationship retroactively.
Q7. In Mississippi, when a licensee acts as a seller's agent, the licensee owes the seller which duties?
Explanation
A seller's agent owes full fiduciary duties to the seller, commonly remembered as OLDCAR: Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable care.
Q8. A Mississippi agent who works for a buyer under a written buyer representation agreement is known as a:
Explanation
A buyer's agent has a written agency agreement with the buyer and owes full fiduciary duties to the buyer throughout the transaction.
Q9. Apparent authority in agency law refers to authority that:
Explanation
Apparent authority arises when a principal's conduct leads a third party to reasonably believe an agent has authority to act, even if no such authority was actually granted.
Q10. An undisclosed dual agency in Mississippi is:
Explanation
Undisclosed dual agency is a serious violation of Mississippi license law and fiduciary duties. Written disclosure and consent of both parties is required for dual agency.
Q11. When does an agency relationship typically terminate in Mississippi real estate?
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