Mississippi Disclosure Timing Follows MREC Form A Rules

Mississippi is one of only 14 states that mandate errors and omissions insurance for all licensees, and the exam tests the coverage requirements precisely.

Agency disclosure timing, brokerage relationship definitions, and the state's mandatory E&O insurance requirement are the three sections of the Mississippi exam that produce the most state-portion misses.

The MREC governs real estate licensing in Mississippi. The PSI exam tests 50 state specific questions alongside 80 national questions, with a minimum passing score of 70%. These three areas reflect where Mississippi law departs most sharply from national norms, and where underprepared candidates consistently lose points.

Agency Disclosure Timing

Mississippi's agency disclosure sequence is built around two distinct events, the representation agreement and the offer, and the exam tests whether candidates know which form goes with which event. Let me be direct: "at the time of representation" and "before the buyer signs an offer" are two separate triggers. Confusing them is the most common state-portion mistake on this topic, and knowing the sequence cold is how you avoid it.

Mississippi requires MREC Form A ("Working with a Real Estate Broker") at the time a representation agreement is made, and dual agency consent must be signed before the buyer signs an offer, getting the sequence wrong is one of the top state-portion errors.

The exam will test the specific name of the form, when it must be delivered, and the separate timing requirement for dual agency consent. Getting one right while missing the other still costs you the question.

Brokerage Relationships

Mississippi's brokerage relationship definitions have statutory language the MREC tests directly, and that language doesn't match the vocabulary used in most national courses.

Brokerage relationship definitions differ across the South. Alabama governs brokerage relationships through its RECAD statute, and Tennessee allows single agency, dual agency, and non-representation with distinct disclosure requirements. Mississippi's structure shares some overlap but has its own statutory language that the exam tests directly.

Mississippi distinguishes between represented clients and unrepresented customers, exam questions target the reduced duties of a disclosed dual agent who owes everything except full disclosure and undivided loyalty.

The PSI exam specifically tests the duty distinctions between a represented client and an unrepresented customer. Know which duties a disclosed dual agent still owes and which are suspended.

Mississippi's definition of what a dual agent is permitted to withhold from each party is a recurring exam topic, and it's one that candidates relying on agency law concepts from other states consistently misapply.

E&O Insurance

Most states leave E&O insurance to the individual licensee's discretion. Mississippi is one of the few that makes it a condition of maintaining an active license, a distinction the MREC tests with specificity. Think of it this way: Mississippi doesn't ask whether you have E&O coverage. It requires it, and the 30-day correction window is exactly the kind of specific number the exam loves to test.

Mississippi is one of only 14 states mandating errors and omissions insurance for all licensees, failing to correct a coverage lapse within 30 days puts the license on inactive status.

Know the 30-day correction window, what happens to license status if coverage lapses, and whether the requirement applies to brokers only or to all licensees. The MREC tests all three of those details.

The E&O mandate is the kind of Mississippi-specific rule that every candidate should lock in before test day. It shows up in both standalone questions and scenario questions about license status consequences.