Schedule a 60-hour class for you Real Estate Salesperson License with Real Estate Training Institute
Complete the application (including pictures).
Get the application notarized.
Pass the school’s exit exam.
Attach your Real Estate Salesperson License 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 Mississippi Commission.
CONGRATULATIONS You’re Done!
Call to schedule your class:
What does a real estate salesperson do?
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 works 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 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 the 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 the 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, the 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 is 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 commission for successfully completing a sale.
This commission can be divided up with other participating brokers or agents.
Flat-fee brokers and Fee-for-Service brokers can charge significantly less depending on the type of services offered.
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