If you’re on the lookout for a new career and are considering a job as a real estate agent, you’ve come to the right place.
You’ve probably done your research, and by this time, you know the perks and privileges that come with being a real estate professional.
But how and where do you begin?
Today, we will walk you through the steps on how to get a real estate license online in Mississippi. Plus, we’ll answer a few of the most frequently asked questions at the end.
By the time you finish this article, you’ll know all the requirements to obtain your Mississippi real estate license.
So let’s get right to it!
Mississippi Real Estate License Qualifications
To be eligible for a real estate license, you must meet the following qualifications:
You are at least 18 years of age
You are a resident of Mississippi
You must think we’re missing something, but no, you don’t need anything else, not even a college degree, to be a real estate agent in Mississippi.
The 5 Steps to Getting a Real Estate License Online In Mississippi
Here are the 5 steps that you must follow to get a real estate license:
Complete 60 hours of an approved pre-licensing course
Affiliate with an active Mississippi broker
Apply for a real estate agent license
Pass the Mississippi real estate exam
Complete 30 hours of post-licensing education
Read on for a detailed walkthrough of each step.
Step 1. Complete the required 60-hour pre-licensing education
Mississippi requires all aspiring real estate agents to complete 60 hours of pre-licensing education from an accredited school or organization.
This course focuses on the principles and practices of real estate, which is the foundation necessary to be a successful real estate professional.
To get a certificate of completion, you need to pass the course exam.
If you’re looking for convenience and flexibility, we recommend taking the pre-licensing course online.
The 2 most reliable online real estate schools in Mississippi are:
Colibri Real Estate is one of the leading online real estate schools in Mississippi and throughout the US. Its coursework is organized, complete, thorough, and contains everything you need to prepare for your licensing exam. Plus, it has plenty of practice quizzes that help you retain what you learned.
This school also provides excellent educational support. You can easily interact with mentors and fellow students through live weekly sessions and forums.
After completing the program, you will feel prepared not only for the licensing exam but also for the job.
MbitionToLearn, previously known as OnCourse Learning, has been a major player in the e-learning industry for many years.
Mbition is most popular for its engaging course and technologically advanced tools. You can even avail of MathMaster, a course that teaches you about real estate math and calculations.
Step 2. Affiliate with an active broker
The next step is to obtain sponsorship from a current and active brokerage firm or sole proprietorship. Unlike in other states, this step is usually done early in Mississippi.
There are many active brokerage firms in the state, but when selecting one, you need to keep in mind the following:
- Does it have a good reputation?
- How does the commission split work?
- Does it offer support, such as free mentoring and training?
- Does it allow you to work independently or as an employee?
Since this active broker is going to be your “boss”, you have to make sure you affiliate with the one you’re comfortable with and the one who fits your needs and preferences.
Step 3. Apply for a Mississippi real estate license
Once you completed the above steps, you can then proceed to apply for a real estate license.
To apply, print and fill in the application form.
The form includes a section for recommendations from real estate owners and your sponsoring broker. It must be notarized and received by the Commission within 60 days following the notary date.
You will also need to attach two photographs, your course certificate completion, and a $120 application fee.
Send it by mail to the Mississippi Real Estate Commission at 4780 Interstate, 55 North Frontage Rd, Jackson, MS 39211, USA
When submitted, authorities will carry out a background check. You will receive a notification and a letter of eligibility once the Commission approves your application.
Step 4. Pass the Mississippi real estate exam
When your application is approved, you can then take the Mississippi real estate exam with the PSI.
You can schedule the exam by booking online, calling their hotline at (855) 557-0620, or registering via fax at (702) 932-2666.
On the day of the exam, don’t forget to bring your letter of approval and two forms of identification, one of which must be government-issued. Also, you need to prepare $150 ($75 for each portion*) for the exam fee.
Note: PSI does not accept cash payments. You may pay via card, money order, or check.
As for the exam itself, it consists of two portions* - national and state. The national portion consists of 80 questions, while the state exam has 40. You are given four (4) hours to answer them all.
To pass both exams, you need to score at least 70% or 56 points on the national segment and 75% or 30 points on the state segment.
What if you fail one portion and pass the other? You only need to retake the segment that you failed. However, you will have to pay the exam fee for that portion again ($75). You can read more about this in the FAQs.
Since you’re taking the exam on a computer, the results will be immediately available to you.
For more information about the Mississippi real estate license exam, refer to the Candidate Information Bulletin on the PSI website.
Step 5. Complete the mandatory 30-hour post-licensing course
The state requires all new real estate agents to complete 30 hours of post-licensing education within 12 months of getting a license. It includes subjects required by the Mississippi License Law, namely contracts, fair housing, and ethics, among others.
Again, we recommend Colibri Real Estate.
They offer a post-licensing education package that provides state-approved instructor support. The program costs around $150.
Mississippi Real Estate License FAQs
How much does an online real estate course cost in Mississippi?
For other online real estate schools, the range is somewhat around there.
One thing is for sure, these online schools are a lot more affordable than traditional real estate schools.
How long does it take to get a Mississippi real estate license?
Usually, it takes three to six months to get a license. However, it will vary from person to person.
The longest process is education. Since students are only allowed to spend eight hours studying daily, they can finish the pre-licensing education as early as eight days.
So if you’re a faster learner, then you may get your real estate license sooner rather than later (just make sure you don’t rush through the course!)
What happens if I fail the Mississippi real estate exam on the first try?
If you don’t pass the licensing exam on the first try, you can try again.
Within two months following the approval of your application, you can sit for the state exam twice.
If you fail only the national portion, you have unlimited attempts to retake it within the allowed period.
If you fail both portions of the exam during the two months, you will need to re-submit an application to the Commission.
Obtaining a real estate license in Mississippi is a challenge, but it is doable. After all, no pain, no gain, right?
Focus on your goal, and the entire process will be completed before you even realize it.
We hope you found this article helpful.
Best of luck with your real estate career!