Who Grants a License: Licenses are granted by the Mississippi Real Estate Commission (“MREC”).
Qualifications to receive a License: A candidate must complete 60 clock hours of study at an MREC-approved real estate school. All candidates must pass a school-administered final exam, and pass a state exam. All candidates must be at least 18 years of age. For more information about qualifications, see the brochure titled How to Obtain a Real Estate License in Mississippi on the MDOC website.
Applying for the Exams: Prior to applying for the exam, candidates must apply for licensure with MREC. Upon approval of the application, MREC provides the candidate with a letter of approval, which is proof of eligibility to take the state exam. Within two months of receiving the letter of approval, a candidate should create an account, and apply to take the state exam through the PSI website scheduling page. The candidate must know their school approval code in order to complete the scheduling process. For more information, see the Mississippi Real Estate Commission Candidate Information Bulletin. (School approval codes are listed in the Candidate Information Bulletin.
Test Content: The Mississippi state real estate licensing exam is comprised of two separate portions, the national portion and the state-specific portion. Five to ten questions (disbursed throughout both portions of the exam) are considered "experimental" questions and are not scored. Both portions of the test are comprised of multiple choice questions with four answer choices provided for each question. Test takers are allotted 2.5 hours to complete the national portion, and 1.5 hours to complete the state portion. To achieve a passing score on the national portion of the exam, the test taker must correctly answer 56 (out of 80) questions. To achieve a passing score on the state-specific portion, the test taker must correctly answer 30 (out of 40) questions. The exam is presented in a computer-based format, but accommodations for paper-based tests and/or oral testing can be provided with special arrangements.
The national portion of the test consists of 80 questions and tests the candidate's knowledge of general real estate concepts, including the following subject areas:
Property ownership
Land use controls and regulations
Valuation and market analysis
Financing
Laws of agency
Mandated disclosures
Contracts
Transfer of title
Practice of real estate
Real estate calculations
Specialty areas
The state-specific test consists of 40 questions and tests the candidate's knowledge of the state-specific concepts, including the following subject areas:
Powers and Duties of the Real Estate Commission
Licensing Requirements and License Maintenance
Property Condition Disclosures
Agency Disclosure and Duties to Parties
Out-of-State Brokers and Developers
Trust Accounts
Broker Responsibilities, Including Supervision of Sales Associates
Records and Documents
Advertising/Marketing/Internet
How to Apply for the License: The candidate must apply for licensure using the mandated form. The application process must be completed prior to taking the state exam (see "Applying for the Exam", above). A Certificate of Completion of the education requirements (official transcript, grade report or copy of the certificates), and proper fee must accompany the application. Further information is provided here.
Fees: MREC charges a license application fee.
Who administers the test: MREC and PSI.
Post-Licensing Requirements – A Mississippi real estate licensee must (after receiving a license, but before the first renewal) take 30 credit hours of post-licensing education (either online or in the classroom) from an MREC-approved provider.
License Renewal Requirements – A Mississippi real estate licensee must take 20 classroom hours of continuing education from an MREC-approved provider every two years.
Applicable Regulations: Real estate licensees in Mississippi are regulated under Mississippi Statutes Title 73, Chapter 35 and the MREC Administrative Rules.
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