The following suggestions will help you prepare for your examination.

▪ Only consider the actual information given in the question, do not read into the question by considering any possibilities or exceptions.

▪ Planned preparation increases your likelihood of passing.

▪ Start with a current copy of this Candidate Information Bulletin and use the examination content outline as the basis of your study.

▪ Read study materials that cover all the topics in the content outline.

▪ Take notes on what you study. Putting information in writing helps you commit it to memory and it is also an excellent business practice.

▪ Discuss new terms or concepts as frequently as you can with colleagues. This will test your understanding and reinforce ideas.

▪ Your studies will be most effective if you study frequently, for periods of about 45 to 60 minutes. Concentration tends to wander when you study for longer periods of time.

Time Allowed

Salesperson

General 80 (80 points) 2.5 Hours

State 40 (40 points) 1.5 Hours Combo

(both portions) 120 (120 points)

4 Hours

Broker

General 75 (80 points) 2.5 Hours

State 40 (40 points) 1.5 Hours

Combo (both portions) 115 (120 points)

4 Hours

*Note: General broker exams include questions that are scored up to two points.

For General broker exams, scenario-based test questions are included to contain more than four options and ONLY ONE BEST option shall be selected to answer the question.

Some options are appropriate but not the BEST ANSWER.

Please select the option that best answers the question in the exam. A BEST ANSWER reflects the optimal solution or most complete resolution to the scenario presented in the question.

These items are associated with scenarios presented in the form of text, graphs, or tables representing a situation in which candidates must identify the best course of action by selecting only one option.

Each option is weighted as zero-point, one point, or two-points based on the completeness and accuracy of the solution.

EXPERIMENTAL QUESTIONS

In addition to the number of examination questions specified, a small number of five to ten “experimental” questions may be administered to candidates during the examinations. These questions will not be scored and the time taken to answer them will not count against examination time.

The administration of such non-scored experimental questions is an essential step in developing future licensing examinations.

The examination content outlines have been prepared and are periodically updated by committees of professionals who are subject matter experts in real estate practice, real estate instruction, and regulatory issues.

The examination content outlines these professionals have prepared identify areas of importance to licensees in order for them to perform their duties to the public in a competent and legally responsible manner.

Use the outline as a guide for pre-examination review course material. The outlines list the topics that are on the examination and the number of questions for each topic.

Do not schedule your examination until you are familiar with the topics in the outline.

The PSI Exam is taken to get your Salesperson’s and Broker’s License.

Salesperson’s License Course

Broker’s License Course

 

EXAMINATIONS BY PSI SERVICES LLC

This Candidate Information Bulletin provides you with information about the examination and application process for obtaining a real estate license in the State of Mississippi.

Mississippi state laws stipulate that a person may not act as a real estate salesperson or broker without first obtaining a license issued by the Mississippi Real Estate Commission. To be licensed, you must pass an examination to confirm that you have attained at least a minimum level of knowledge regarding the principles, practices, statutes, and regulations relating to real estate.

The Mississippi Real Estate Commission has contracted with PSI Services LLC (PSI) to conduct the examination testing. PSI provides examinations through a network of computer examination centers in and around Mississippi. PSI works closely with the State to be certain that examinations meet local as well as national requirements in basic principles and examination development standards.

Following are the Mississippi real estate licensing examinations offered by PSI:

  • ▪  Real Estate Salesperson

  • ▪  Real Estate Broker

  1. APPLYING FOR A LICENSE

    All questions and requests for information about licensure should be directed to the Commission.

    Mississippi Real Estate Commission

    Lefleur’s Bluff Tower, Ste 300 4780 I-55 North Jackson, MS 39211

    Phone: (601) 321-6970 FAX: (601) 321-6955 Email: [email protected] Web: www.mrec.ms.gov

  1. RESIDENT LICENSE REQUIREMENTS

    In order to apply for licensure you must complete (fully) the application and return it to the Commission. Each question must be answered as required or the application will be returned to the applicant. A Certificate of Completion of the education requirements (official transcript, grade report or copy of the certificates) and proper fee must accompany the application. An applicant for a real estate broker’s license must furnish a letter of reference from their bank(s) indicating a satisfactory banking experience AND if they are a licensed active salesperson, a letter of reference from their present responsible broker must also be included. Two photographs (front and profile views) should be attached to the application.

    After the application has been approved, you will receive a letter of approval from the commission.

SALESPERSON

Salesperson applicant must be a resident of Mississippi when application is submitted and be eighteen (18) years of age or older.

Salesperson applicants must have satisfied the following education requirements before they take the examination:

• Sixty (60) classroom hours of Real Estate courses from a college/community college or from a Mississippi approved pre-license education provider. A list of approved providers is available at the MREC website at www.mrec.ms.gov.

BROKER

Broker applicant must be a resident of Mississippi when application is submitted and be twenty-one (21) years of age or older.

Broker applicants must have satisfied the following education requirements before they take the examination:

• Active sales license for twelve (12) months immediately preceding application and 120 classroom hours of real estate courses from a college/community college or from a Mississippi approved pre-license education provider. A list of approved providers is available at the MREC website at www.mrec.ms.gov.

Without one year experience immediately prior to application, 150 classroom hours of real estate courses that are part of a degree granting program from a college/community college is required.

College Courses are those in real estate (ONLY) which are acceptable for credit toward a degree at an institution approved by the Southern Association of Colleges and Schools or comparable regional accrediting authority. A three (3) semester hour course usually is equivalent to 45 classroom hours.

RECIPROCAL LICENSURE

Applicants holding an active license in another state may be able to use real estate education obtained from providers who are not actually approved by Mississippi if the state that has issued their real estate license has also approved both the applicant’s real estate courses and the education provider for prelicensing credit and a current reciprocal agreement is in force between that state and the state of Mississippi.

Applicants may not be required to sit for the examination provided a current (license-for-a-license) reciprocal agreement is in effect with the state where the individual is currently licensed and on active status.

Reciprocal agreements with states vary. Contact the Commission for specific requirements in your case.

EXAMINATION SCHEDULING PROCEDURES

Upon approval of eligibility, you will be responsible for contacting PSI to schedule an appointment to take the examination.

  •   Y ou may sit for the state portion of the examination only twice during the 2 months immediately following the approval of your application. If you fail to schedule any exams during the 2-month time period, if you schedule exam dates and fail to appear or if you fail to pass both portions of the examination during the two- month time period following the approval of your application, you must re-apply to the Commission to establish eligibility.

  •   If you pass the state portion of the exam but fail the national portion, you may continue to take the national portion on an unlimited basis within the two (2) months following the date that your application was approved.

     For the state portion only: if two failures result, you may re-apply to the Commissionafter a waiting period of three (3) months has passed for the salesperson examination or a period of six (6) months has passed for the broker examination.

     **NOTE** BOTH state and national portions must be passed in the SAME 2-month eligibility period.

All questions and requests for information about examinations should be directed to PSI.

PSI Services LLC 3210 E Tropicana Las Vegas, NV 89121

(855) 557-0620 https://test-takers.psiexams.com/msre

EXAMINATION FEE

Examination Both Portions $75

The fee is $75 for the 2 examination portions, regardless if you take 1 or both examination portions. Examination retakes are $75 for 1 or both examination portions.

NOTE: REGISTRATION FEES ARE NOT REFUNDABLE. REGISTRATION FEES EXPIRE AFTER ONE YEAR OF REGISTERING.

TELEPHONE REGISTRATION AND SCHEDULING

For telephone registration, you will need valid credit card (VISA, MasterCard, American Express or Discover).

PSI registrars are available at (855) 557-0620, Monday through Friday between 6:30 am and 9:00 pm, and Saturday-Sunday between 8:00 am and 4:30 pm, Central Time, to take your payment and schedule your exam payment and schedule your exam.

RETAKING A FAILED EXAMINATION

To retake the examination, you only need to sit for the portion(s) you failed. For example, if you failed the State portion only, you need to retake just that portion.

  You may sit for the state portion of the examination only twice during the 2 months immediately following the approval of your application. If you fail to schedule any exams during the 2-month time period, if you schedule exam dates and fail to appear or if you fail to pass both portions of the examination during the two-month time period following the

  approval of your application, you must re-apply to the Commission to establish eligibility.

  If you pass the state portion of the exam but fail the national portion, you may continue to take the national portion on an unlimited basis within the two (2) months following the date that your application was approved.

  For the state portion only: if two failures result, you may re-apply to the Commissionafter a waiting period of three (3) months has passed for the salesperson examination or a period of six (6) months has passed for the broker examination.

  **NOTE** BOTH state and national portions must be passed in the SAME 2-month eligibility period.

It is not possible to make a new examination appointment on the same day you have taken an examination; this is due to processing and reporting scores. A candidate who tests unsuccessfully on a Wednesday can call the next day, Thursday, and retest as soon as Friday, depending upon space availability. You may access a registration form at https://test-takers.psiexams.com/msre. You may also call PSI at (855) 557-0620.

CANCELING AN EXAMINATION APPOINTMENT

You may cancel and reschedule an examination appointment without forfeiting your fee if your cancellation notice is received 24 hours before the scheduled examination date. For example, for a Monday appointment, the cancellation notice would need to be received on the previous Saturday. You may call PSI at (855) 557-0620 or use the PSI Website.

MISSED APPOINTMENT OR LATE CANCELLATION

Your registration will be invalid, you will not be able to take the examination as scheduled, and you will forfeit your examination fee, if you:

Do not cancel your appointment 24 hours before the schedule examination date;

▪  Do not appear for your examination appointment;

▪  Arrive after examination start time;

▪  Do not present proper identification when you arrive for

the examination.

EXAM ACCOMMODATIONS

All PSI examination centers are equipped to provide access in accordance with the Americans with Disabilities Act (ADA) of 1990, and exam accommodations will be made in meeting a candidate’s needs. A candidate with a disability or a candidate who would otherwise have difficulty taking the examination should request for alternative arrangements by Clicking Here.

Candidates granted accommodation in accordance with the ADA, MUST schedule their examination by telephone and speak directly with a PSI registrar.

You will need to fill this out if requesting to test out of state.

EXAMINATION SITE CLOSING FOR AN EMERGENCY

In the event that severe weather or another emergency forces the closure of an examination site on a scheduled examination date, your examination will be rescheduled. PSI personnel will attempt to contact you in this situation. However, you may check the status of your examination schedule by calling (855) 557-0620. Every effort will be made to reschedule your examination at a convenient time as soon as possible. You

may also check our website at https://test- takers.psiexams.com/msre.

EXAMINATION SITE LOCATIONS

The following directions are generated from the most current mapping services available. However, new road construction and highway modifications may result in some discrepancies. If you are not familiar with the specific area of the testing site, please consult a reliable map prior to your test date.

Jackson

2679 Crane Ridge Dr, Suite B
Jackson, MS 39216
Traveling on I-55N Toward Grenada/Memphis., Merge onto Lakeland Dr/MS-25 N via Exit 98B toward Carthage. Turn right onto Crane

Ridge Dr.

Metairie (New Orleans)

2750 Lake Villa Drive
NY II Bldg, Suite 302
Metairie, LA 70011
PSI is centrally located between the Airport and the New Orleans CBD and between the Lake Pontchartrain and I-10

Blvd.
From the West (Airport) or from the East (New Orleans) the directions from Interstate-10 are the same.

I10 exit Clearview Parkway – North (exit 226). Proceed North on Clearview PKWY .4 mile. Turn Right at Veterans Blvd (at Target Store). Proceed on Veterans Blvd. for about 1/2 mile. Lake Villa Drive is on the Right. PSI is in the 3 story building.

on the right at the end of Lake Villa Drive and the I-10 Service Road.

Baton Rouge

8338 Summa Avenue #302 Baton Rouge, LA

From the I-10 East, exit Essen Lane and proceed south approximately 1/2 mile. Turn left on Summa Avenue. The Test Center is on the corner of Summa and Everet on the right. Parking is in the rear.

From the I-10 West, exit Bluebonnet Blvd. and proceed south approx. 1/4 mile. Turn right on Picardy and then right on Summa Ave. The Test Center is on the corner of Summa and Blair on the left. Parking is in the rear.

Mobile

6051 – B Airport Blvd.
Mobile, AL 36660
From I-65 take Airport Blvd West exit. The site is approximately 3 miles on Airport Blvd on the left hand side.

Two doors down from the Lazy Boy Furniture Store.

Memphis

Apple Tree Center
6099 Mt. Moriah Extended, Suite 17
Memphis, TN 38115
Coming North from Mississippi on Interstate Hwy 55, take Interstate Hwy 240 East. Proceed 8.5 miles to Mt. Moriah Rd. Exit. Go South on Mt. Moriah Rd. 2.2 miles. Apple Tree Center is on the right (just past the intersection with Hickory Hill and

Ridgeway roads).

Additionally, PSI has examination centers in many other regions across the United States. You may take this examination at any of these locations by filling out and submitting the Out-of-State Testing Request form found at the end of this bulletin.

REPORTING TO THE EXAMINATION SITE

On the day of the examination, you should arrive 30 minutes before your appointment. This extra time is for sign-in, identification, and familiarizing you with the examination process. If you arrive late, you may not be admitted to the examination site and you will forfeit your examination registration fee.

REQUIRED IDENTIFICATION
You must provide 1 form of identification. The identification

must match the name you scheduled with.

NOTE: ID must contain candidate’s signature, photo, be valid and unexpired.

▪  State issued driver’s license

▪  State issued identification card

▪  USGovernmentIssuedPassport

▪  US Government Issued Military Identification Card

(not allowed for remote testing)

▪  US Government Issued Alien Registration Card

▪  Canadian Government Issued ID

Failure to bring the proper documentation invalidates your registration. You will not be able to take the examination as scheduled, and you will forfeit your examination fee.

SECURITY PROCEDURES

The following security procedures apply during examinations:

▪ You will have access to an online calculator.
▪ You will be given a piece of scratch paper and a pencil.

These will be returned to the proctor at the end of your

examination.
▪ Candidates may take only approved items into the

examination room.
▪ All personal belongings of candidates should be placed in

the secure storage provided at each site prior to entering the examination room. Personal belongings include, but are not limited to, the following items:

–  Electronic devices of any type, including cellular /

mobile phones, recording devices, electronic watches, cameras, pagers, laptop computers, tablet computers (e.g., iPads), music players (e.g., iPods), smart watches, radios, or electronic games.

–  Bulky or loose clothing or coats that could be used to conceal recording devices or notes. For security purposes outerwear such as, but not limited to: open sweaters, cardigans, shawls, scarves, hoodies, vests, jackets and coats are not permitted in the testing room. In the event you are asked to remove the outerwear, appropriate attire, such as a shirt or blouse should be worn underneath.

–  Hats or headgear not worn for religious reasons or as religious apparel, including hats, baseball caps, or visors.

–  Other personal items, including purses, notebooks, reference or reading material, briefcases, backpacks, wallets, pens, pencils, other writing devices, food, drinks, and good luck items.

▪ Although secure storage for personal items is provided at the examination site for your convenience, PSI is not responsible for any damage, loss, or theft of any personal belongings or prohibited items brought to, stored at, or left behind at the examination site. PSI assumes no duty of care with respect to such items and makes no representation that the secure storage provided will be effective in protecting such items. If you leave any items at the examination site after your examination and do not claim them within 30 days, they will be disposed of or donated, at PSI’s sole discretion.

▪ Person(s) accompanying an examination candidate may not wait in the examination center, inside the building or on the building’s property. This applies to guests of any nature, including drivers, children, friends, family, colleagues or instructors.

▪ No smoking, eating, or drinking is allowed in the examination center.

▪ Duringthecheckinprocess,allcandidateswillbeaskedif they possess any prohibited items. Candidates may also be asked to empty their pockets and turn them out for the proctor to ensure they are empty. The proctor may also ask candidates to lift up the ends of their sleeves and the bottoms of their pant legs to ensure that notes or recording devices are not being hidden there.

▪ Proctors will also carefully inspect eyeglass frames, tie tacks, or any other apparel that could be used to harbor a

recording device. Proctors will ask to inspect any such

items in candidates’ pockets.

▪  If prohibited items are found during check-in, candidates

shall put them in the provided secure storage or return these items to their vehicle. PSI will not be responsible for the security of any personal belongings or prohibited items.

▪  Any candidate possessing prohibited items in the examination room shall immediately have his or her test results invalidated, and PSI shall notify the examination sponsor of the occurrence.

▪  Any candidate seen giving or receiving assistance on an examination, found with unauthorized materials, or who violates any security regulations will be asked to surrender all examination materials and to leave the examination center. All such instances will be reported to the examination sponsor.

▪  Copying or communicating examination content is violation of a candidate’s contract with PSI, and federal and state law. Either may result in the disqualification of examination results and may lead to legal action.

▪  Once candidates have been seated and the examination begins, they may leave the examination room only to use the restroom, and only after obtaining permission from the proctor. Candidate will not receive extra time to complete the examination.

SCORE REPORTING

Examination

Salesperson Broker

Portion

General State General State

Percent Pass (Passing Score)

70% (56 points) 75% (30 points) 75% (60 points) 80% (32 points)

Your score will be given to you immediately following completion of the examination. The following summary describes the score reporting process:

▪ On screen – your score will appear immediately on the computer screen. This will happen automatically at the end of the time allowed for the examination;

  • –  If you pass, you will immediately receive a successful

    notification.

  • –  If you do not pass, you will receive a diagnostic

    report indicating your strengths and weaknesses by

    examination type with the score report.

– On paper – an unofficial score report will be printed at

the examination site.

You may request a duplicate score report after your examination by emailing [email protected]