MISSISSIPPI REAL ESTATE STATE PORTION
COMPREHENSIVE EXAM STUDY GUIDE
2026 QUESTIONS AND SOLUTIONS
GRADED A+
⩥ Broker. Answer: For a fee, salary, commission
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers
to act as an agent, Advertises
⩥ Broker-in-Charge. Answer: Has responsibility over actions of all
associated licensees and real estate trust accounts
⩥ Client. Answer: Person with whom a licensee has an established
agency relationship
⩥ Customer. Answer: Person with whom licensee has not established an
agency relationship
⩥ Office. Answer: The principal office location where a BIC or PMIC is
licensed to conduct real estate business
⩥ Branch Office. Answer: A secondary place of business apart from the
principal or main office from which real estate business is conducted. A
,branch office usually must be run by a licensed real estate broker
working on behalf of a the broker.
⩥ Real Estate License Law. Answer: State law enacted to protect the
public from fraud, dishonesty and incompetence in the purchase and sale
of real estate.
⩥ Rules and Regulations. Answer: Real estate licensing authority orders
that governs licensees activities; they usually have the same force and
effect as statutory law.
⩥ Police Power General. Answer: The government's right to impose
laws, statutes and ordinances, including zoning ordinances and building
codes, to protect the public health, safety and welfare.
⩥ Enabling Acts. Answer: State legislation that confers zoning powers
on municipal governments as well as other regulations
⩥ Stigmatized Property. Answer: A property that has acquired an
undesirable reputation due to an event that occurred on or near it, such
as violent crime, gang-related activity, illness or personal tragedy. Some
states restrict the disclosure of information about stigmatized properties.
⩥ Stigma/Phsychological Defects. Answer: (1) Virus
(2) Death
, (3) Sex Offenders
(4) Off-site hazards
Licensee not required to disclose, but if asked, answer honestly
⩥ Puffing. Answer: Exaggerated or superlative comments or opinions.
⩥ Types of Damages. Answer: Compensatory- actual damages
Punitive- punishment
Liquidated- dollar amount
⩥ Exemptions from License to sell Real Estate. Answer: Owner
Government Employees
Attorneys
Foresters
Trustees/receivers
⩥ State Legislatures. Answer: Body that enacts RE Laws
⩥ Real Estate Commision. Answer: Group of individuals charged by law
with licensing and regulating practice of RE. Implement and enforce RE
Laws
COMPREHENSIVE EXAM STUDY GUIDE
2026 QUESTIONS AND SOLUTIONS
GRADED A+
⩥ Broker. Answer: For a fee, salary, commission
Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers
to act as an agent, Advertises
⩥ Broker-in-Charge. Answer: Has responsibility over actions of all
associated licensees and real estate trust accounts
⩥ Client. Answer: Person with whom a licensee has an established
agency relationship
⩥ Customer. Answer: Person with whom licensee has not established an
agency relationship
⩥ Office. Answer: The principal office location where a BIC or PMIC is
licensed to conduct real estate business
⩥ Branch Office. Answer: A secondary place of business apart from the
principal or main office from which real estate business is conducted. A
,branch office usually must be run by a licensed real estate broker
working on behalf of a the broker.
⩥ Real Estate License Law. Answer: State law enacted to protect the
public from fraud, dishonesty and incompetence in the purchase and sale
of real estate.
⩥ Rules and Regulations. Answer: Real estate licensing authority orders
that governs licensees activities; they usually have the same force and
effect as statutory law.
⩥ Police Power General. Answer: The government's right to impose
laws, statutes and ordinances, including zoning ordinances and building
codes, to protect the public health, safety and welfare.
⩥ Enabling Acts. Answer: State legislation that confers zoning powers
on municipal governments as well as other regulations
⩥ Stigmatized Property. Answer: A property that has acquired an
undesirable reputation due to an event that occurred on or near it, such
as violent crime, gang-related activity, illness or personal tragedy. Some
states restrict the disclosure of information about stigmatized properties.
⩥ Stigma/Phsychological Defects. Answer: (1) Virus
(2) Death
, (3) Sex Offenders
(4) Off-site hazards
Licensee not required to disclose, but if asked, answer honestly
⩥ Puffing. Answer: Exaggerated or superlative comments or opinions.
⩥ Types of Damages. Answer: Compensatory- actual damages
Punitive- punishment
Liquidated- dollar amount
⩥ Exemptions from License to sell Real Estate. Answer: Owner
Government Employees
Attorneys
Foresters
Trustees/receivers
⩥ State Legislatures. Answer: Body that enacts RE Laws
⩥ Real Estate Commision. Answer: Group of individuals charged by law
with licensing and regulating practice of RE. Implement and enforce RE
Laws
