Frequently Asked Real Estate License Questions

To get your real estate license in Mississippi, you must complete the following steps as required by the Mississippi Real Estate Commission (MREC). Here is a general overview of the whole process through the Real Estate Training Institute:

1. Meet the Basic Requirements: Before applying for a real estate license in Mississippi, you must meet certain eligibility criteria, which typically include being at least 18 years old and having a high school diploma or equivalent.

2. Complete Pre-Licensing Education: You must complete a state-approved pre-licensing education course. In Mississippi, this course consists of 60 hours of instruction covering topics such as real estate principles, practices, laws, contracts, financing, and ethics. Make sure to choose a reputable real estate training institute that offers MREC-approved courses.

3. Pass the Mississippi Real Estate Exam: After completing the pre-licensing education course and submitting your application to MREC, you must pass the Mississippi Real Estate Exam. The exam consists of two portions: the national portion and the state-specific portion. You need to achieve a minimum passing score on both portions to pass the exam.

4. Apply for a Real Estate License: Once you have passed the exam, you can submit a license application to the Mississippi Real Estate Commission. Along with the application, you’ll need to provide any required documentation, such as proof of completion of pre-licensing education, exam score reports, and background check information. You’ll also need to pay the required application fee.

5. Complete a Background Check: Mississippi requires real estate license applicants to undergo a criminal background check. This process involves submitting fingerprints for a criminal history background check conducted by the Mississippi Department of Public Safety.

6. Receive Your License: After the MREC approves your application and verifies that you meet all the requirements, you will receive your real estate license. Your license will allow you to legally practice real estate in Mississippi.

7. Join a Brokerage: To actively engage in real estate transactions, you must affiliate with a licensed real estate brokerage. Working under the supervision of a broker is a requirement for all newly licensed real estate agents in Mississippi.

By following these steps and fulfilling all the requirements set by the Mississippi Real Estate Commission, you can obtain your real estate license and begin your career as a real estate agent in Mississippi.

Day School is 9 days?

• At RETI, we know and understand that adults have busy schedules, so we offer multiple ways of learning to help you get your real estate license. Our Pre-Salesperson and Pre-Broker classes can be taken in-person ( day or night ), virtually via Zoom, or online self-paced.

• • Day Class Hours & Dates- 8:30 AM – 4:30 PM, Monday through Friday for Two Weeks.

• • Night Class Hours & Dates – 5:30 PM – 9:30 PM, Monday through Friday for Three Weeks.
  • Classes start the first Monday of each month. 

• Refer to our Class Schedule on the home page for more information about class dates.

• Virtual Classes are live during in-person class times.
• Self-Paced classes are up to you! The minimum amount of time it would take would be ten days.
• Once you complete the class, the time it takes for MREC to approve your application to make sure you have met all of the requirements varies.
  • •  

• Be aged eighteen (18) years or older.

• Be a bona fide resident of the State of Mississippi before filing the application.

• Shall have completed a minimum of sixty (60) hours in courses in real estate.You must complete a state-approved pre-licensing education course. In Mississippi, this course consists of 60 hours of instruction covering topics such as real estate principles, practices, laws, contracts, financing, and ethics. Make sure to choose a reputable real estate training institute that offers MREC-approved courses.

• You do not need to have a high school diploma to do real estate.

• Pre-licensing class is $595.00. This price includes your tuition, your textbooks, and a full online study course.
• Includes: 
  • One year access to the course information, classroom classes, livestream classes and the online course.
  • The right to take the course over for one year.
  • Textbooks.
  • Online support, quizzes, videos, puzzles, games, and quizzes.
  • A crash review course online with over 3000 practice questions.
  • A students only online classroom where students can talk  and support each other 24/7.

• Application to the Mississippi Real Estate Commission (MREC) is $100 for both salespeople & brokers.

• Once approved by MREC, you will have to schedule your Mississippi Real Estate Exam through PSI (testing center). In order to reserve your spot with PSI, the price is $75.00.

• • • These costs are subject to change by the state of Mississippi at any time.

Yes, of course you can! At RETI, we offer multiple types of online learning options.

• First, we offer a completely online self-paced course for the busier learners. This course allows a one year access and you can log on at any time. This course walks you through everything you need in order to pass the Mississippi Real Estate exam.

• We also offer students access to a livestream course. You also have access to this option for a year. This allows you to be able to access the in-person classes from the comfort of your own home.

The main difference between a real estate salesperson and a broker lies within their licensing and scope of responsibilities. A real estate broker is licensed to own a firm and may work independently, representing the parties in real estate transactions. A real estate salesperson works underneath a broker.

• There are also more requirements to become a broker. Those are:

• Every person who applies for a Mississippi real estate broker license as a real estate broker shall be age twenty‐one (21) years or over and have his legal domicile in the State of Mississippi at the time he applies.

• • To become a Mississippi Real Estate Broker, an applicant:

• • • shall be subject to the jurisdiction of this state, 

• • • subject to the income tax laws and other excise laws, subject to the road and bridge privilege tax laws.

• • • Shall not be an elector in any other state.

• • • Shall have held a license as an active real estate salesperson for twelve (12) months immediately before making an application for the broker’s examination.

• • • Shall have completed a minimum of one hundred twenty (120) hours of courses in real estate.

• • • Shall have completed the real estate broker’s examination as hereafter specified.

Once you pass your Salesperson or Broker’s license, you will be issued a temporary license for one year. Within that year you will have to complete a 30 hour post-licensing course specifically certified by the Mississippi Real Estate Commission.

• Our Post Licensing Courses are online self-paced. Give the office a call within business hours to enroll in the course. Business hours are 8:00 AM – 4:00 PM, Monday – Friday. 

• • Salesperson Post Licensing Course Objectives:
    • The primary goal of this course is to substantiate for licensees those responsibilities of which they must be fully informed and aware when dealing in a business relationship with each other and the public.

• • • Course Description: This course covers real estate information and issues that are important to the success of a first-year real estate professional. It provides the adult learner with an in-depth knowledge of real estate concepts such as agency, contracts, antitrust issues, agency relationships, prospecting, negotiations, environmental hazards, property condition disclosure, inspections, and time life management.

• • Broker Post Licensing Course Objectives:
    • The primary goal of this course is to substantiate for Broker Licensees those responsibilities of which they must be fully informed and aware when dealing in a business relationship with each other and the public.

As a real estate agent in the state of Mississippi, you will have to complete 16 hours of continuing education every two years.

• You can take this course through RETI. Our Continuing Education classes are offered online self-paced. These classes are $10.00 an hour or $150.00 for all 16 hours.

• • Each individual applicant for renewal of a license issued by the MREC shall, on or before the expiration date of his license, or at a time directed by the commission, submit proof of completion of not less than sixteen (16) clock hours of approved course work to the commission, in addition to any other requirements for renewal. 

• • The sixteen (16) clock hours’ course work requirement shall apply to each two – year license renewal, and hours in excess thereof shall not be accumulated or credited for the purposes of subsequent license renewals.

The Mississippi Real Estate Commission (MREC) administers control over the commercial real estate industry in the State of Mississippi, licensing all real estate brokers and salespersons.

• MREC works to assure that all real estate transactions are performed in a professional and ethical manner. Potential licensees undergo comprehensive testing and are subjected to continuing education requirements.

• The Mississippi Real Estate Commission also monitors real estate commerce taking place between brokers licensed in Mississippi and those in other states.

• MREC’s office is in Jackson, Mississippi.

• All of RETI’s Classes are approved and recommended by the Mississippi Real Estate Commission (MREC).

• You will apply to the Mississippi Real Estate Commission in order to be able to schedule your Mississippi Real Estate License Exam. Once approved, MREC will notify you that you are able to schedule your exam through PSI, which is a testing center.

• • These are some of the PSI locations for students:

• • • Jackson, MS

• • • Metairie, LA

• • • Baton Rouge, LA

• • • Mobile, AL

• • • Memphis, TN

The exam is made up of two (2) exams.
The first exam you will be taking deals with Mississippi state-specific license law. There are 40 questions. You will need a 75% score to pass.
Once you are finished with this exam, most students will get a drink of water or use the restroom.
When you are ready to take the second exam, the computer will prompt you to get started.
The second exam concentrates on general (basic) real estate concepts that are recognized throughout the real estate world. There are 80 questions. You will need to score 70% to pass.

Choosing the right real estate school in Mississippi is crucial for your career success. Here are some factors to consider when making your decision and why you should chose the Real Estate Training Institute.:

1. Accreditation: Ensure that the institute is accredited by the Mississippi Real Estate Commission or any relevant governing body. Accreditation ensures that the institute meets certain standards of quality and education.
2. Reputation: Research the reputation of the institute. Look for reviews and testimonials from past students. A good reputation indicates that the institute provides quality education and support.
3. Curriculum: Review the curriculum offered by the institute. Make sure it covers all the necessary topics required for obtaining a real estate license in Mississippi. Look for a curriculum that is comprehensive and up to date with current industry standards.
4. Instructor qualifications: Check the qualifications and experience of the instructors. Experienced instructors with a background in real estate can provide valuable insights and guidance throughout your training.
5. Flexibility: Consider the flexibility of the training program. Look for institutes that offer flexible scheduling options, such as evening or weekend classes, online courses, or self-paced learning modules, to accommodate your schedule.
6. Support services: Inquire about the support services offered by the institute. This may include access to tutoring, career counseling, job placement assistance, or networking opportunities within the real estate industry.
7. Cost: Compare the tuition fees of different institutes and consider your budget. Keep in mind that the cheapest option may not always be the best, so weigh the cost against the quality of education and support provided.
8. Success rate: Research the institute’s success rate in terms of students passing the real estate licensing exam and finding employment in the field. A high success rate indicates that the institute effectively prepares its students for a career in real estate.

By carefully considering these factors, you can make an informed decision and choose the Real Estate Training Institute in Mississippi.