Home to a diverse population and attractive natural setting, Mississippi entices residents with its easy Southern living and cultural history. Those interested in a real estate career in Mississippi might wonder how to get a real estate license in this state. Like other states, Mississippi has its own rules and regulations for awarding real estate licenses to professionals. The Mississippi Real Estate Commission oversees the realty profession in this state, and interested individuals should check out their website for detailed information. The following article addresses basic requirements, testing and education guidelines necessary to obtain a real estate license in the state of Mississippi.
The MREC outlines basic prerequisites for real estate applicants. These prerequisites must be met prior to receiving a Mississippi real estate license. All applicants for a real estate salesperson license in this state must:
- Be at least 18 years old
- Be a resident of the state of Mississippi
- Pay the $120 new license fee
- Complete 60 hours of approved real estate prelicensure coursework
- Submit an application
- Pass a final licensing exam
The residency requirement does not apply to nonresident applicants who apply under special circumstances (see “Additional Information” below). Mississippi also requires salespersons to provide their social security numbers and two photographs “in such form as the commission may prescribe.”
Training & Education
Applicants for a real estate license in Mississippi must complete 60 hours of approved prelicensure coursework. Equivalent education may be obtained from accredited colleges and universities in lieu of private real estate schools. The MREC outlines specific designations in its exhaustive handbook. In addition, applicants may choose approved distance-learning programs provided that they meet the specifications for prelicensure.
The MREC requires that candidates for a real estate license pass the national portion of the licensing exam with a 70% score and the Mississippi portion with a 75%.
Mississippi realtors must renew their licenses every two years. However, the initial license fee of $120 only covers one year of the realtor’s license period. A licensee is granted a temporary license for the first year, during which time he or she must complete 30 hours of post-licensing education in order to obtain an official real estate license.
Realtors who hold licenses in other states may be eligible to bypass the testing requirements for a license provided that their licensing exam covered equivalent material as determined by the Mississippi Real Estate Commission. The “commission is authorized to exempt from such prelicensing educational requirements, in whole or in part, a real estate licensee of another state who desires to obtain a license under this chapter.” Thus, applicants from other states may apply provided that their educational equates with Mississippi state’s educational requirements. Nonresidents must pay the same fees as residents.
The MREC recognizes salespersons as well as brokers for licensing purposes; however, this article only addresses information applicable to salespersons. Becoming a broker often requires additional occupational experience as well as education requirements. Those interested in getting a broker’s license should check out the MREC guidelines available online to determine their eligibility and other requirements.
The Mississippi Real Estate Commission outlines rules and regulations for getting and maintaining active real estate licenses on a statewide basis. In addition to this regulatory commission, national and international associations exist to maintain a broader standardization of real estate principles. Two major organizations are the National Association of Realtors and the Association of Real Estate License Law Officials (ARELLO). Both of these associations enact regulations to ensure that real estate agents and commissions around the world adhere to a set code of ethics in conducting real estate business.
- Become A Real Estate Agent In Mississippi
- Mississippi Real Estate Commission
- Mississippi Real Estate Commission Rules and Regulations
- Law License