MS Real Estate study plan

Distinguish seller agency, buyer agency, dual agency, designated agency, and non-agency facilitation, and name the fiduciary duty (care, obedience, loyalty, disclosure, accounting, confidentiality) most at risk in each arrangement.

Map each fiduciary duty to a concrete fact pattern and state the specific breach, the harmed party, and the remedy available.

Break a real estate contract into its required elements (offer, acceptance, consideration, capacity, legality, statute of frauds) and identify which element is missing or defective in 10 short scenarios.

Classify 20 contract provisions - earnest money, inspection contingency, financing contingency, liquidated damages, option, assignability, time-is-of-the-essence - by purpose and enforceability.

Contrast the remedies for breach (specific performance, damages, rescission, forfeiture of deposit) and predict which remedy a given fact pattern supports.

Sequence a listing from appointment to closing, naming every document, disclosure, and deadline a Mississippi transaction requires.

Compute adjusted list prices from a five-comparable CMA, applying dollar and percentage adjustments for size, age, condition, and location.

Recite from memory Mississippi licensing requirements - pre-licensing hours, examination, post-licensing education, continuing education, and renewal cycle - verified against current MREC rules.

Differentiate licensed versus unlicensed activity and list the exemptions to licensure, then sort 15 described activities into permitted or prohibited.

Outline the MREC complaint-to-discipline process, naming the stages, the possible sanctions, and the conduct categories that trigger them.

Distinguish fee simple absolute, fee simple defeasible, life estate, and the four leasehold estates, and state which bundle-of-rights interests each conveys.

Sort 40 items into the correct category - lien versus non-lien encumbrance, voluntary versus involuntary, general versus specific, easement appurtenant versus in gross.

Trace a chain of title through three hypothetical conveyances and rank competing claims by recording priority and notice type (actual, constructive, inquiry).

Compare general warranty, special warranty, bargain-and-sale, and quitclaim deeds by the covenants each contains and the protection each gives the grantee.

Explain how adverse possession, prescription, dedication, and eminent domain create, transfer, or extinguish interests in land.

Compute monthly PITI, loan-to-value ratio, discount points, and the interest/principal split for 12 practice loans without a calculator error.

Differentiate a mortgage from a deed of trust and order the steps of Mississippi nonjudicial foreclosure, including notice and redemption rights.

Match the sales comparison, cost, and income approaches to 10 described assignments and justify each choice.

Reconcile value indications from multiple approaches and derive gross rent multiplier, capitalization rate, and depreciation adjustments from supplied figures.

Explain how RESPA, TILA/TRID, and disclosure timing rules constrain the financing documents a transaction requires.

List every federally protected class under fair housing plus the additional protections Mississippi law recognizes, and state the exemptions and their limits.

Identify the violation in 15 advertising, showing, steering, and financing scenarios, then rewrite each offending advertisement into compliant language.

Differentiate RESPA, TILA/TRID, do-not-call, and anti-fraud rules by who they cover, what they require, and the penalty for violation.

Sort 15 zoning scenarios into the correct category - permitted use, nonconforming use, variance, special exception, spot zoning, downzoning.

State the disclosure duties tied to lead-based paint, flood zones, wetlands, and other environmental hazards, and identify who owes each disclosure and when.

Run a complete hypothetical Mississippi transaction from listing agreement through closing, logging every deadline, disclosure, and signature.

Reconcile a broker's trust/escrow account ledger and identify the handling errors in five flawed ledgers.

Apply Mississippi advertising, team-name, and unlicensed-assistant rules to 12 marketing samples and flag each violation.

Draft a pricing recommendation for two contrasting properties, defending the recommended list price with CMA evidence and market-condition reasoning.

Explain the commission's requirements for brokerage agreements, agency disclosure, and records retention in Mississippi.

Complete two full-length timed practice exams under exam conditions and log every miss by domain and by error type (knowledge gap, misread, calculation).

Re-drill the four mid-weight domains by rewriting each missed item as a flashcard with the correct rule and the trap that caused the miss.

Recompute 15 financing math problems and 10 appraisal problems from scratch, targeting 90% accuracy on calculation items.

Reconstruct from memory the estate, encumbrance, title-transfer, and valuation frameworks on a single blank sheet, then check it against your notes.

Rehearse agency, contract, and Mississippi license-law rules in a final rapid-fire review until every item is recalled without notes.

Complete one final full-length simulation and score at or above the target passing threshold, with no domain below 70%.

Close out every remaining error-log item and verify each is resolved by re-answering a fresh question on the same rule.

Rehearse exam-day logistics - timing plan, question-skipping strategy, and permitted reference rules - in a single timed dry run.