Real Estate License for Agents Course in Mississippi
The Pre License Course
Mississippi Real Estate Commission Approved Courses
Get ready for your new real estate career.
Real Estate Training Institute in Mississippi
Our license courses combine education and entertainment for a true adult learning experience.
Every applicant for a resident license as a salesperson shall be age eighteen (18) years or over, shall be a bona fide resident of the State of Mississippi prior to filing his application and shall have successfully completed a minimum of sixty (60) hours in courses in real estate.
The license course begins on a Monday (unless there is a holiday) and continues to the Friday of that week.
It picks up the following Monday with the final being on Thursday.
You have ten days after you pass the exam to find a broker.
Full Course Access
Includes award-winning interactive adult classroom course and online course.
The Real Estate License for Agents pre-licensing course education requirements
Quizlet cue cards
Adjusts for phone work
Online Format Includes:
This course includes Facebook interaction with your instructor 24/7.
Testing Information and Testing Company Information.
STEPS TOWARD YOUR LICENSE:
Schedule a 60-hour class.
Complete the application (including pictures).
Get the application notarized.
Pass the school’s exit exam.
Attach your Course Completion Certificate to the application with a check for $120.
Send the completed application, certificate and check to the Mississippi Real Estate Commission.
You will be sent a letter with a phone number and website where you can schedule your exam.
The testing company will require a credit card to charge $75 for both exams. (General Portion and Mississippi State Specific Portion.)
Pass the exam 70% on the General Portion and 75% on the State Specific Portion.
Find a broker. Hand the broker the form to send in your information to MREC
CONGRATULATIONS You’re Done!
Biloxi – Hattiesburg – Southaven – Oxford – Online Courses
The Real Estate Training Institute meets all the course requirements needed to get your Mississippi realty license. It is possible to become a Mississippi Realty Salesperson in 30 days. This course represents the 60 hours needed for anyone wanting to take the Salesperson’s Exam. This is your first step.
The Real Estate Training Institute of Mississippi (RETI) has been providing quality education for Realty Professionals throughout Mississippi since 1998.
Those who choose not to register in advance should contact RETI to confirm the class schedule has not changed.
What is a real estate salesperson?
A real estate broker or a real estate agent is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually work under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. In North America, some brokers and agents are members of the National Association of Realtors (NAR), the largest trade association for the industry.NAR members are obligated by a code of ethics that go above and beyond state legal requirements to work in the best interest of the client. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state’s laws of agency, and many states require written disclosures to be signed by all parties outlining the duties and obligations.
Generally, real estate brokers/ agents fall into four categories of representation:
- Seller’s Agents, commonly called “listing brokers” or “listing agents,” are contracted by owners to assist with marketing property for sale and/or lease.
- Buyer’s Agents are brokers or salespersons who assist buyers by helping them purchase property.
- Dual Agents help both the buyer and the seller in the same transaction. To protect their license to practice, a real estate broker owes both parties fair and honest dealing and must request that both parties (seller and buyer) sign a dual agency agreement. Special laws/rules often apply to dual agents, especially in negotiating price. In dual agency situations, a conflict of interest is more likely to occur, typically resulting in the loss of advocacy for both parties .Individual state laws vary and interpret dual agency rather differently, with some no longer allowing it. In some states, Dual Agency can be practiced in situations where the same brokerage (but not agent) represent both the buyer and the seller. If one agent from the brokerage has a home listed and another agent from that brokerage has a buyer-brokerage agreement with a buyer who wishes to buy the listed property, dual agency occurs by allowing each agent to be designated as an “intra-company” agent. Only the broker himself is the Dual Agent.
- Transaction Brokers provide the buyer and seller with a limited form of representation but without any fiduciary obligations. Having no more than a facilitator relationship, transaction brokers assist buyers, sellers, or both during the transaction without representing the interests of either party who may then be regarded as customers. The assistance provided are the legal documents for an agreement between the buyer and seller on how a particular transfer of property will happen.
A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S. this commission can generally range between 5-6% of the property’s sale price for a full service broker but this percentage varies by state and even region] This commission can be divided up with other participating real estate brokers or agents. Flat-fee brokers and Fee-for-Service brokers can charge significantly less depending on the type of services offered.
Real estate education
To become licensed, most states require that an applicant take a minimum number of classroom hours to study real estate law before taking the state licensing exam. Such education is often provided by real estate firms or by education companies, either of which is typically licensed to teach such courses within their respective states. The courses are designed to prepare the new licensee primarily for the legal aspects of the practice of transferring real estate and to pass the state licensing exam.
Once licensed, the licensee in most states is initially designated a salesperson and must work under a broker’s license. Some other states have recently eliminated the salesperson’s license and instead, all licensees in those states automatically earn their broker’s license.
A real estate agent must place their license under a managing broker. Typically there may be multiple licensees holding broker’s licenses within a firm but only one broker or the firm itself, is the managing or principal broker and that individual or firm is then legally responsible for all licensees held under their license.
The term agent is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.
In all states, the real estate licensee must disclose to prospective buyers and sellers the nature of their relationship within the transaction and with the parties. See below for a broker/licensee relationship to sellers and their relationship with buyers.
In the United States, there are commonly two levels of real estate professionals licensed by the individual states but not by the federal government: