MISSISSIPPI REAL ESTATE COMPREHENSIVE
EXAM 2026 FULL QUESTIONS AND CORRECT
ANSWERS
◉ A buyer secured a $125,000 loan at 4.5% interest rate. To receive a
lower interest rate, the buyer was required to buy down three discount
points. How much were the discount points? Answer: Answer: $3,750
One discount point costs 1% of the loan amount. If a buyer bought down
three points it would cost $3,750.00. ($125,000 loan amount x .03%=
$3,750.00).
◉ Land sells for $9,000 an acre. What will 750,000 SF of land sell for?
Round to the nearest thousand. Answer: $155,000
◉ A 198-foot x 330-foot lot sold for $30,000. What was the price per
acre? Answer: $20,000
◉ A five-sided lot has the following dimensions: side A = 44', side B =
67', side C = 91', side D = 18', and side E = 55'. What is the perimeter of
the lot? Answer: 275 ft.
, ◉ Ralph is buying Terry's house. The buyer's loan amount is $105,580.
If the buyer has agreed to pay 3 points at closing, how much will he pay
for the points? Answer: $3,167
◉ Assuming that the listing broker and the seller broker in a transaction
split their commission equally, what was the sales price of the property if
the commission rate was 6 ½ percent the listing broker received $5,187?
Answer: $159,600
◉ A fine jewelry store leased a space at the mall with a base rent of
$1,800 a month, plus 4% of all sales over $200,000. If the gross sales
were $325,000, what was the total amount of rent paid by Heinz Fine
Jewelry at the end of the year? Answer: $26,600
◉ A sale transaction closes on April 15th. The day of closing belongs to
the seller. Real estate taxes for the year, not yet billed, are expected to be
$2,110. According to the 365-day method, what is the seller's share of
the tax bill? Answer: $607
◉ If a buyer purchases 25% of a lot in the spring and then purchases
50% more later in the fall, what percentage of the lot is still available for
purchase? Answer: 25%
◉ Stacey owns a lot that has 180 feet of front footage and contains
36,000 square feet. He purchases two identically-sized lots adjacent to
each side of his lot. These side lots are each 200 feet deep and each side
EXAM 2026 FULL QUESTIONS AND CORRECT
ANSWERS
◉ A buyer secured a $125,000 loan at 4.5% interest rate. To receive a
lower interest rate, the buyer was required to buy down three discount
points. How much were the discount points? Answer: Answer: $3,750
One discount point costs 1% of the loan amount. If a buyer bought down
three points it would cost $3,750.00. ($125,000 loan amount x .03%=
$3,750.00).
◉ Land sells for $9,000 an acre. What will 750,000 SF of land sell for?
Round to the nearest thousand. Answer: $155,000
◉ A 198-foot x 330-foot lot sold for $30,000. What was the price per
acre? Answer: $20,000
◉ A five-sided lot has the following dimensions: side A = 44', side B =
67', side C = 91', side D = 18', and side E = 55'. What is the perimeter of
the lot? Answer: 275 ft.
, ◉ Ralph is buying Terry's house. The buyer's loan amount is $105,580.
If the buyer has agreed to pay 3 points at closing, how much will he pay
for the points? Answer: $3,167
◉ Assuming that the listing broker and the seller broker in a transaction
split their commission equally, what was the sales price of the property if
the commission rate was 6 ½ percent the listing broker received $5,187?
Answer: $159,600
◉ A fine jewelry store leased a space at the mall with a base rent of
$1,800 a month, plus 4% of all sales over $200,000. If the gross sales
were $325,000, what was the total amount of rent paid by Heinz Fine
Jewelry at the end of the year? Answer: $26,600
◉ A sale transaction closes on April 15th. The day of closing belongs to
the seller. Real estate taxes for the year, not yet billed, are expected to be
$2,110. According to the 365-day method, what is the seller's share of
the tax bill? Answer: $607
◉ If a buyer purchases 25% of a lot in the spring and then purchases
50% more later in the fall, what percentage of the lot is still available for
purchase? Answer: 25%
◉ Stacey owns a lot that has 180 feet of front footage and contains
36,000 square feet. He purchases two identically-sized lots adjacent to
each side of his lot. These side lots are each 200 feet deep and each side
