MRP National Exam case studies
MRP National Exam · Put your knowledge to work in context.
The Military Relocation Professional (MRP) certification is a professional credential offered by the National Association of REALTORS® for real estate professionals who want to serve military service members and their families through relocations and permanent change of station (PCS) moves. It is designed for agents and brokers who work with military buyers and sellers, and for anyone building a referral network around relocation-heavy markets. The MRP National Exam case studies are 5 cases and about 2,167 words.
1The Pre-Approval That Wasn't
A sergeant with 6 years of active service signs a purchase contract for a 415,000 home and puts down 8,000 earnest money. Her lender issues a pre-approval letter for $415,000 based on a VA entitlement she has never used.
515 words, about 3 min2PCS Orders That Arrive Mid-Escrow
A Navy lieutenant commander is under contract to buy a $360,000 condo, closing in 30 days. On day 12 he receives hard-copy PCS orders to a duty station 900 miles away, reporting in 75 days.
460 words, about 2 min3The Seller Who Wants to Keep the VA Loan Alive
A veteran seller has a VA loan at 3.1 percent on a home valued at 340,000; the payoff is 212,000. He wants to sell but keep the low-rate loan in place by having the buyer assume it.
418 words, about 2 min4Two Buyers, One Entitlement, and a Tight DTI
A married couple, both veterans, each with full entitlement, want to buy a 500,000 home. One has a VA loan already outstanding on a rental property with 180,000 remaining.
385 words, about 2 min5Relocation Benefit vs. Reimbursement
An Army family is PCSing from Texas to Germany in 60 days. They own a home in Texas and plan to rent it out rather than sell.
389 words, about 2 min