MS Real Estate case studies
MS Real Estate · Put your knowledge to work in context.
The Mississippi Real Estate Salesperson license is the entry-level credential that allows you to be employed by a licensed Mississippi broker to list, market, and sell real property and to represent buyers and sellers in transactions. It is issued by the Mississippi Real Estate Commission and is distinct from the broker license, which carries supervisory responsibility and its own experience requirements. The MS Real Estate case studies are 5 cases and about 2,978 words.
1Three Heirs, a Reserved Life Estate, and a Listing That Needs Signatures
Rosa executed a deed conveying her farm 'to my children, Alma, Bernard, and Carmen, as joint tenants with right of survivorship, reserving to myself a life estate.' Bernard died last spring; his will leaves 'all my real property' to his wife, Denise. The farm is being marketed at $420,000.
605 words, about 3 min2Five Schedule B Items, One Closing Date, and a Seller's Bad Math
Closing is set for March 14 on a 310,000 house. The title commitment lists five Schedule B items: (1) a 2019 deed of trust securing 180,000, to be paid from sale proceeds; (2) a 2021 judgment recorded against the seller for 22,000; (3) a 15-foot city drainage easement along the rear 8 feet of the lot; (4) a 9,500 mechanic's lien recorded in 2023 for work the seller says was 'already paid'; (5) a lis pendens from a neighbor's boundary lawsuit filed 60 days ago.
629 words, about 3 min3Two Clients, One Brokerage, and a Coffee-Shop Confession
Agent Kim at Riverbend Realty has the listing on a 365,000 home at 6% commission. The listing agreement states that dual agency is permitted with written consent.
556 words, about 3 min4Low Appraisal, a New Car Loan, and a Deposit the Seller Wants to Keep
Purchase price is 285,000 on an FHA 30-year fixed loan. The buyer is preapproved at 96.5% LTV and 6.25%, DTI 48%.
629 words, about 3 min5The No-Pets Building, the Support Dog, and the Ad That Says 'No Children'
Landlord Owens owns a 12-unit building with a stated no-pets policy. A tenant with a documented anxiety disorder submits a physician's letter requesting an emotional support dog weighing 55 pounds.
559 words, about 3 min