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Real Estate Salesperson Exam — National Portion

Agency (MS): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Mississippi

Under Mississippi agency rules, what is a "customer"?

  1. Any party who pays the broker's commission
  2. A seller who has signed an exclusive listing
  3. A party who is not represented in the transaction
  4. A buyer who has signed a written buyer agency agreement with the broker
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C. A party who is not represented in the transaction — Miss. Admin. Code 30-1601-4.2(E).

Question 2 · Mississippi

In Mississippi, what is the status of salespersons licensed under a broker who has a listing?

  1. Subagents of the broker, whatever office they work in
  2. Independent agents of the seller in their own right
  3. Nonagents who owe no duties to the seller
  4. Agents of the buyer unless they sign a listing
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A. Subagents of the broker, whatever office they work in — Miss. Admin. Code 30-1601-4.2(B).

Question 3 · Mississippi

Which fiduciary duty continues after the agency relationship ends?

  1. Confidentiality
  2. Accounting
  3. Reasonable skill and care
  4. Obedience
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A. Confidentiality — Miss. Admin. Code 30-1601-4.2(G)(4).

Question 4 · Mississippi

Under the 2026 brokerage-agreement law, when is a written brokerage agreement required in a 1-4 unit residential deal?

  1. Only when the buyer pays the buyer's agent directly rather than through the seller
  2. Only after the purchase contract is accepted and before the earnest money is deposited
  3. Before listing a property or submitting an offer for a client or customer for compensation
  4. Before a licensee gives a prospective buyer any tour of a listed residential property
Show the answer

C. Before listing a property or submitting an offer for a client or customer for compensation — Miss. Code Ann. ch. 73-35, brokerage agreement section added in 2026 (eff. July 1, 2026; not yet numbered in the MREC License Law), subsec. (1).

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