How to Become a Real Estate Broker in Mississippi

Looking to advance your career as a real estate broker in Mississippi? Becoming a broker opens the door to increased income, team leadership, and owning your own brokerage. This guide provides a comprehensive overview of the steps involved, from meeting the eligibility criteria to maintaining your license. By the end, you'll have a clear, actionable plan for becoming a successful real estate broker in Mississippi.

Steps to Become a Real Estate Broker in Mississippi

Becoming a broker is an exciting career milestone that comes with increased earning potential and leadership opportunities. Here’s a quick overview of what you need to do to take the next steps: 

1. Meet the Minimum Requirements
2. Complete the Required Real Estate Education (60 Hours)
3. Pass the Mississippi Real Estate Broker Exam
4. Submit Your Mississippi Broker License Application
5. Maintain and Renew Your Broker’s License

Now that you have a new understanding of the process, we’ll break down each step in detail below, so you can confidently navigate the path to success. 

1. Meet the Minimum Requirements

To earn your broker’s license, you'll need to meet the following requirements:

• You must be 21 years of age or older.
• Have a high school diploma or GED.
• Hold an active Mississippi real estate salesperson license for at least 12 months, or meet equivalent experience from a state with MREC-approved reciprocity.

Before you invest time and money in the process, confirm your eligibility by reviewing the latest guidelines on the Mississippi Real Estate Commission (MREC) website.

2. Complete the Required Real Estate Education

Once you meet the requirements, you’ll need to complete 60 hours of pre-license education through an approved course provider. This broker training program covers essential topics such as:

• Real Estate Law and Brokerage
• Contracts, Ethics, and Agency
• Finance, Property Management, and more.

The 60-hour program is designed to prepare you for the Mississippi broker exam and help you build a strong foundation for your new career.

After finishing the course and passing the final, you’ll earn a certificate of completion—an essential requirement for your broker license application. Choose an MREC-approved provider for the best results.

3. Pass the Mississippi Real Estate Broker Exam

After completing your 60-hour broker education, you’ll take the test through PSI, the state’s designated testing provider. Here’s what to expect:

The real estate broker exam in Mississippi is divided into two parts:

• National Portion: 80 multiple-choice questions
• State Portion: 40 multiple-choice questions
• Total Time: 4 hours (split between the two sections)
• To pass, candidates must achieve a scaled score of 70–75% on both sections. 

Be sure to review the latest PSI or MREC guidelines for the most up-to-date scoring details.

Registration & Fees:

Mississippi’s broker licensing exam is offered through PSI Exams.

• Cost: The fee for the full exam is $75 (covering both the state and national portions). This may vary, so check PSI’s site for the most current pricing.
• Retake Policy: If you need to retake any portion, additional fees will apply.
• Scheduling: You’ll be able to choose your exam location and date when registering online.

Bring proper ID on test day and be sure to arrive early. Upon passing, you’ll receive a score report—save it for your broker license application.

4. Submit Your Mississippi Broker License Application

Once you’ve passed the broker exam and earned your education certificate, you’re ready to submit your Mississippi broker license application through the MREC.
You’ll need to:

• Complete the official broker application (available on the MREC website)
• Include your 60-hour course certificate
• Submit your passing exam results
• Complete a background check and fingerprinting.
• Pay the application fee

Be sure to double-check that all forms are complete and accurate—missing or incorrect info could delay your approval.

5. Maintain and Renew Your Broker’s License

Now that you're licensed, make sure to keep it active by staying on top of the following:

Maintain E&O Insurance
You’re required to carry active Errors & Omissions insurance at all times. This protects you from claims related to your professional services.

Complete Continuing Education (CE)
Every two years, you must complete 16 hours of CE:

• 8 hours in mandatory topics (like License Law and Agency)
• 8 hours in electives of your choice

*Check the MREC website regularly for updates or course changes*

Renew Your License On Time
Broker licenses must be renewed every two years. As of 2024, the renewal fee is $100. Submit your renewal before the deadline to avoid late fees or license lapses.

FAQs About Becoming a Real Estate Broker in Mississippi

Below are common questions future brokers often ask. If you’re on the fence or need more clarity, read on!

Should You Become a Real Estate Broker in Mississippi?

Advancing from real estate salesperson to broker is a major milestone—and it comes with powerful benefits. As a broker, you can open your own office, build and lead a team of agents, and shape the future of your business on your terms. 

You’ll have the opportunity to increase your earning potential, create a more stable income stream, and expand your professional influence. If you’re passionate about real estate and ready to take charge of your career, becoming a licensed broker in Mississippi could be the smartest next step.y.

How Fast Can You Get a Broker’s License?

The timeline to earn your Mississippi broker license depends on a few key factors—mainly how quickly you complete your required education, pass the licensing exam, and submit your application to the MREC. 

On average, students who stay focused can finish the process in as little as 2 to 4 months. However, your pace may vary depending on your personal schedule and how quickly the state processes your paperwork!

How Much Do Real Estate Brokers Make?

Broker incomes vary based on location, experience, and market conditions. According to Salary.com, the average real estate broker's salary in Mississippi hovers around $80,000 per year, with a typical range between $70,000 and $100,000.

However, top-performing brokers can earn over six figures by building a loyal client base, managing successful teams, and implementing effective marketing strategies. By refining your leadership abilities, delivering exceptional customer service, and staying attuned to market shifts, you can significantly increase your earning potential over time.

How Much Does a Real Estate Broker’s License Cost?

Here’s a rough breakdown of the costs involved in getting your Mississippi broker’s license:

• 60-Hour Broker Pre-License Course: $300–$700 
• Broker Exam Fee: $75 
• License Application Fee: $150 
• Background Check & Fingerprinting: This fee can vary depending on the provider.
• Errors & Omissions Insurance: $200–$300 annually depending on coverage.

For the most accurate, up-to-date pricing, you should verify with the Mississippi Real Estate Commission (MREC) and the real estate school you plan to attend. Always check with the latest resources as fees can change periodically.

What’s the Difference Between Real Estate Brokers and Agents?

Real Estate Salespersons:

• Operate under the guidance of a licensed broker.
• Help clients buy, sell, or rent properties.
• Are responsible for fewer managerial tasks.

Real Estate Brokers:

• Must complete additional training and experience to qualify.
• After passing the broker exam, brokers can work independently or run their own brokerage.
• Are responsible for supervising other agents and handling higher-level tasks.
• Have the opportunity to earn more and have greater control over their business operations.

Although becoming a broker demands more effort and expertise, the autonomy and career growth it offers can make it an ideal choice for those eager to take the next step.

Does Mississippi Have a Broker’s License Reciprocity Agreement?

Mississippi offers reciprocity or partial reciprocity agreements with several states, such as Alabama, Arkansas, Georgia, and Louisiana. If you’re a licensed real estate broker in one of these states, you may be eligible for a simplified licensing process in Mississippi. However, it’s important to check with the Mississippi Real Estate Commission for the most current reciprocity information, as agreements may change.

Final Thoughts on Becoming a Real Estate Broker in Mississippi

Getting your Mississippi real estate broker's license allows you to manage your own team and boost your income, which is a major career milestone. By completing the experience requirements, the 60-hour broker pre-license study, passing the broker exam, and keeping your renewal commitments, you can position yourself for success in the competitive Mississippi market.

Are you prepared to move forward? Enroll in our partnered real estate broker program to receive professional advice, thorough training, and assistance at every turn. Start your journey to becoming a Mississippi real estate broker right now by clicking the Enroll button below!