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How to Get a Mississippi Real Estate License: Step-by-Step Guide

By
Chase Milner
|
Nov 20, 2024
6 min
Learn More - Our ProgramEnroll Now
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Becoming a licensed real estate agent in Mississippi offers a rewarding path with opportunities to build a flexible income. 

This step-by-step guide will walk you through the entire process, from meeting eligibility requirements to passing the state exam and launching your career.

How to Get Your Real Estate License in Mississippi

The Mississippi real estate licensing process involves several steps to ensure agents are well-prepared. Below is a breakdown of everything you need to know.

1. Meet Eligibility Requirements

To qualify for a Mississippi real estate license, you must meet these requirements:

  • Be at least 18 years old
  • Hold a high school diploma or GED
  • Have no felony convictions or crimes that could affect your ability to practice real estate
  • Be honest and trustworthy, as confirmed by background checks

2. Complete Pre-Licensing Education

Mississippi requires you to complete 60 hours of pre-licensing education from an approved real estate school. 

This coursework provides essential knowledge for your career. The course topics include:

  • Real Estate Law and Property Ownership
  • Contracts and Agency Law
  • Financing and Mortgages
  • Real Estate Math
  • Ethics and Fair Housing Laws
  • Mississippi-Specific Real Estate Regulations

Once you complete these courses, you must pass a final course exam with a score of at least 70%. 

If you want to enroll in a real estate school, we partnered with Kaplan to provide exceptional real estate courses to Michigan students. 

Sign up through US Realty Training and get a discount.

3. Apply for the Real Estate Exam

After passing your pre-licensing course, you must apply for the state exam through the Mississippi Real Estate Commission (MREC). 

Here’s how to apply:

  • Where to apply: Visit the MREC website to create an account and submit your application
  • Application materials:some text
    • Certificate of course completion
    • Government-issued photo ID
    • Completed background check
    • Exam fee payment (around $75)
    • Any additional documents required by MREC

4. Pass the Mississippi Real Estate Exam

To become licensed, you must pass the state’s real estate exam. Here's what you need to know:

  • Exam format: The exam consists of two sections — a national portion and a state-specific portion
  • Number of questions:some text
    • National section: 80 questions
    • State section: 40 questions
  • Passing score: You must correctly answer 70% of the questions on the national section and 75% of the questions on the state section.
  • Time limit: You’ll have 4 hours to complete the exam

We provide a Michigan real estate crash course and exam prep package to make studying and passing easy. This program provides 8+ hours of video content that explains concepts, vocabulary, historical events, and laws on the exam.

You get unlimited practice exams, vocab flashcards, an eBook study guide, and 2,000+ question and answer videos.

5. Find a Sponsoring Broker

Mississippi requires newly licensed agents to work under a sponsoring broker. A broker will provide mentorship, training, and guidance to help you grow in your new career. When selecting a broker, consider their:

  • Reputation and market presence
  • Commission splits and fees
  • Training programs and mentorship
  • Company culture and values

6. Submit Your License Application

Once you pass the exam and find a sponsoring broker, you’ll submit your official license application to the Mississippi Real Estate Commission (MREC). Make sure to include the following:

  • Proof of passing the real estate exam
  • Sponsoring broker information
  • Application fee (around $75)

Once approved, you’ll receive your real estate license and can start working as a licensed agent!

FAQs About Getting a Real Estate License in Mississippi

Below are frequently asked questions about the licensing process in Mississippi.

How much do Mississippi real estate agents make?

Mississippi real estate agents earn an average salary of approximately $41,760 per year, though top-performing agents can earn more, especially with high sales volume and expensive properties. 

According to Indeed, the average can range up to $83,467 annually, depending on location, market conditions, and individual performance. Earnings are commission-based, meaning agents’ incomes increase with more closed transactions and higher-value property deals​

How much does a Mississippi real estate license cost?

The total cost of obtaining a Mississippi real estate license ranges from $500 to $700. Here’s a breakdown of typical expenses:

  • Pre-licensing course: $300–$500
  • Exam fee: $75
  • License application fee: $120
    Additional costs may include background checks, continuing education, and business expenses like marketing tools.

Is becoming a real estate agent in Mississippi worth it?

Yes! Real estate offers a flexible and dynamic career with significant earning potential. 

You have the freedom to set your own schedule, providing an excellent work-life balance and the ability to work around other commitments. 

The career also allows you to focus on areas that align with your interests, such as luxury properties, commercial real estate, or helping first-time homebuyers.

Can I get a Mississippi real estate license if I’m already an agent in another state?

Mississippi offers real estate license reciprocity with all states. 

If you hold a valid real estate license from another state, you may be able to apply for a Mississippi license by meeting fewer requirements, often only needing to pass the state-specific portion of the exam. 

This simplifies the process and makes it easier for licensed agents from these states to practice in Mississippi

How often do I renew my Mississippi real estate license?

First time renewals: Within 12 months after a salesperson or broker receives their initial license, they must complete 30 hours of post-licensing education from a commission-approved course, with at least 24 hours of this time spent on the following:

  • Agency relationships
  • Contracts
  • Earnest money
  • Antitrust
  • Fair housing
  • Ethics
  • Property condition disclosure

Second and Subsequent Renewals: Mississippi real estate agents must renew their licenses every two years. 

To renew, agents must complete 16 hours of continuing education, including courses on ethics and law updates. 

Staying current with these requirements ensures you remain in good standing with the MREC.

What should I do after getting my Mississippi real estate license?

After obtaining your Mississippi real estate license, it’s essential to focus on building your client network through strategic marketing and social media efforts. 

Joining local real estate associations can provide valuable resources, networking opportunities, and industry insights. 

To stay competitive, attend workshops and training sessions that sharpen your skills and keep you updated on market trends. Additionally, creating a business plan will help guide your activities, set clear goals, and track your progress, ensuring you stay organized and focused as you grow your real estate career.

Final Thoughts

Earning a real estate license in Mississippi is a fantastic way to start a new career with endless opportunities. 

With the right preparation and guidance from a trusted broker, you’ll be well-positioned for success in this exciting industry.

If you’re ready to get started, enroll in our partnered Mississippi real estate licensing course today and get a discount.

Enroll NowGraphic showing discount are available for US Realty Training's real estate post-licensing courses.

Affiliate has an agreement with Kaplan to promote online course information to consumers and real estate licensees. Affiliate is not the developer of these courses and is simply providing a referral. All education is provided by Kaplan and any questions regarding course content or course technology should be directed to Kaplan.

TL;DR: To become a real estate agent in Mississippi, you have to meet eligibility requirements, complete 60 hours of pre-licensing education, pass the state exam, find a sponsoring broker, and submit your license application. This will prepare you to launch a rewarding career in real estate.

By
Chase Milner
|
Nov 20, 2024
How To
Planning
6 min
How to Get Your Real Estate License

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