335+ Free MS Real Estate Practice Questions

The Mississippi exam has two portions administered by PSI: the general portion has 80 questions with a 2.5-hour limit (70% = 56 points), and the state portion has 40 questions with a 1.5-hour limit (75% = 30 points). They may be scheduled together, but are scored separately. You retake only a failed portion, and both must be passed within the same two-month eligibility period.

The resident salesperson route requires 60 classroom hours of approved real estate education. A first-time salesperson then has a temporary license and must complete the prescribed 30-hour post-license course within 12 months; otherwise the license becomes inactive. Ongoing renewal requires 16 approved CE hours per two-year period, and MREC-designated required subjects may comprise no more than 8 of those hours.

The 'Working With a Real Estate Broker' form is a mandatory Mississippi agency disclosure required by MREC rules. Brokers and their licensees must provide this form to prospective buyers and sellers before having any substantive discussions about a specific property. The form (revised May 14, 2024) explains the different types of agency relationships available in Mississippi: seller's agent, buyer's agent, dual agent, designated agent, and transaction broker. It does not establish an agency relationship — it only discloses the types available.

MREC Rule 3.4 requires earnest money tied to an accepted mutually agreeable contract to be deposited before close of the next banking day. The July 2026 statute separately defines a reasonable time as close of business two banking days after a licensee comes into possession of others' money. Brokers must keep complete transaction records, including escrow records, for three years and may not commingle entrusted funds.