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Become A Real Estate Agent In Mississippi
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Mississippi or anyone looking to become a real estate agent or realtor in Mississippi. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The Mississippi Real Estate
Commission administers control over the real estate industry and handles all
licensing of real estate brokers and salespersons. The Commission’s offices are
in Jackson. The Mississippi Real Estate License Law may be read online.
The requirements for a real estate salesperson license in Mississippi include being at
least 18 years of age and being a bona fide resident of Mississippi prior to filing the application.
The salesperson applicant needs to successfully complete at least 60 hours of
approved real estate courses, and successfully pass the salesperson real estate examinations.
Salesperson applicants pay a $120 application fee. If the applicant has ever held a
real estate license in another state, a Certification of Licensure also needs to be enclosed
with the application.
The requirements for a real estate broker license in Mississippi include being at
least 21 years of age and having his legal home in Mississippi. The broker license applicant
shall have had an active real estate salesperson license for 12 months immediately prior to
making application for the broker license. The applicant is required to successfully
complete a minimum of 120 approved hours of real estate courses, and shall successfully
pass the real estate broker examinations. Broker applicants also need to include a letter
of reference from their banker with their application.
Should a broker applicant not have held an active real estate salesperson license for at
least 12 months prior to submitting the application, he may be able to substitute having 150 approved hours
of real estate courses, rather than 120 hours.
Nonresidents may apply for a nonresident license if they are a licensed broker in another state,
or a salesperson affiliated with a resident or nonresident Mississippi broker, or a nonresident applying
for a broker real estate license and will maintain an office in Mississippi. The applicant need not
maintain a place of business within Mississippi if regularly and actively engaged in the real estate
business and maintaining a place of business in the other state.
Applicants for any agent license may be able to substitute courses from an accredited college.
A 3-semester hour college course is usually considered to be equivalent to 45 classroom hours.
Approved
Real Estate Schools for prelicensure, post licensure,
and continuing education offer both classroom courses and distance
learning courses.
The realtor license fee is $150.00 and if the applicant successfully passes the examination there are
no additional fees for a one-year license. The salesperson real estate license is $120.00 and if the
applicant successfully passes the examination, the license shall be issued for one year with no other
fees needing to be paid. If the broker or salesperson applicants do not pass the examination they may
be eligible to take the next examination at no extra cost.
Mississippi has reciprocity agreements with some states. Applicants
holding an active license in one of those states may be able to use the real estate
education obtained in that state for the pre-licensure requirement.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Those holding a real estate
license usually join organizations like the Mississippi
Association of Realtors, the National Association of Real Estate Brokers (NAREB),
and the Association of Real Estate License Law Officials (ARELLO).
The National Association of Realtors (NAR),
the world’s largest professional association, assists many in locating real estate
jobs within the industry. These organizations are also excellent resources of
inspiration and real estate education.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
