High-resolution, high-contrast images help facilitate target delineation and provide accurate localization of the radioactive seeds in the simulation and post-implant dosimetry of prostate brachytherapy. Magnetic resonance imaging (MRI) offers many potential advantages for this application over the current standard of practice of computed tomography (CT). However, MRI is technically complex and has many more user-selectable scan parameters, which can impact image quality, than does CT. In this paper, we provide a brief review of some basic MRI characteristics and the relationships among them that are relevant for its application in prostate brachytherapy. We further present our experience and considerations in optimizing the protocols of three different commercially-available pulse sequences for acquiring images with T1-weighted, T2-weighted, and combined T1- and T2-weighted contrasts: three-dimensional (3D) fast-spoiled gradient echo (FSPGR), 3D fast-spin echo (FSE), and 3D fast imaging in steady-state (trueFISP). We demonstrate that while 3D FSPGR and 3D FSE can be used for imaging radioactive seed markers and anatomic structures separately, 3D trueFISP holds promise for imaging both simultaneously in a single acquisition.