• Home |
  • How to get a real estate liscence in ms

How to get a real estate liscence in ms

Obtaining a real estate license in Mississippi can open doors to a rewarding career in the ever-growing real estate industry. This comprehensive guide will walk you through the process of acquiring a real estate license in Mississippi, providing expert insights, informative instructions, and easy-to-understand steps to help you navigate the licensing requirements successfully.

I. Understanding the Requirements:
To become a licensed real estate agent in Mississippi, you must meet certain criteria set forth by the Mississippi Real Estate Commission (MREC). These requirements include:

  1. Age: Applicants must be at least 18 years old.
  2. Education: Completion of 60 hours of pre-license education from an approved real estate school is mandatory. Courses cover topics like real estate principles, laws, contracts, and agency relationships.
  3. Background Check: All applicants must undergo a background check, including fingerprinting, to ensure their suitability for the profession.
  4. Examination: Passing the Mississippi Real Estate Salesperson Examination is a crucial step towards obtaining your license. The exam assesses your knowledge of real estate principles and practices.
  5. Application: Finally, you need to submit a completed application to the MREC, along with the required fees and supporting documents
Between $394 and $644

How much does it cost to get your real estate license in Mississippi? The cost of getting a real estate license in Mississippi can vary considerably, but you can typically expect to pay between $394 and $644.

Is the Mississippi real estate exam hard?

The passing rate for the Mississippi Real Estate Salesperson Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.


How long is real estate school in Mississippi?

60-hour

You must complete the 60-hour course, Real Estate 101, and pass the State Exam. As a salesperson you must work under a broker or real estate company. If you have ever been convicted of a felony you must appeal to the Mississippi Real Estate Commission for permission to become licensed.

What are the requirements for a real estate license in Mississippi?

You can use the Mississippi Real Estate Agent License Lookup Tool to verify an agent's license status.

  • Complete 60 Hours of approved Mississippi Pre-Licensing education.
  • Pass the course final exam.
  • Find a Sponsoring Broker.
  • Apply for a Mississippi Real Estate License.
  • Take the final Mississippi Real Estate Exam.


How much money does a realtor make in Mississippi?

Real Estate Agent Salary in Mississippi

Annual Salary Monthly Pay
Top Earners $114,960 $9,580
75th Percentile $92,000 $7,666
Average $72,704 $6,058
25th Percentile $59,800 $4,983

How long does it take to get real estate license in MS?

60 Hours

Complete the Required 60 Hours of Pre-Licensing Education

60-hour Pre-Licensing course from an education provider that's been approved by the Mississippi Real Estate Commission. There are several different Mississippi real estate colleges, many offer online classes as well as learning in-person coursework.

How long is real estate school Mississippi?

60-hour

You must complete the 60-hour course, Real Estate 101, and pass the State Exam. As a salesperson you must work under a broker or real estate company. If you have ever been convicted of a felony you must appeal to the Mississippi Real Estate Commission for permission to become licensed.

Frequently Asked Questions

How much does it cost to become a real estate agent in MS?

How much does it cost to get a Mississippi real estate license? The application fee for a Mississippi Salesperson is $120. The salesperson exam fee is $75. Note: These costs are subject to be changed by the state at any time.

Do real estate agents make good money in Mississippi?

Real Estate Agent Salary in Mississippi. $59,800 is the 25th percentile. Salaries below this are outliers. $92,000 is the 75th percentile.

Is it hard to get a real estate license in Mississippi?

The passing rate for the Mississippi Real Estate Salesperson Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.

How do I break into commercial real estate investing?

Getting in from brokerage or appraisals / valuation is also possible, as networking trumps almost every other skill for real estate careers. In most cases, you will need full-time experience in another area to have a good shot at the few roles available at the larger, well-established developers.

What is passive income in commercial property?

A passive commercial real estate investment is a type of investment in which the investor does not need to take an active role in day-to-day property management. In short, the investor does not do physical labor or maintenance, such as repairs, nor do they personally act as the landlord.

FAQ

What is a good ROI for commercial real estate investment?
In a nutshell, calculating ROI on commercial property is a crucial step in evaluating the profitability of your investment. A good ROI in real estate is usually at least 8% to 10%, but you should also consider other factors such as potential risks and market conditions.
What is the 1% rule in commercial real estate?
For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price. If you want to buy an investment property, the 1% rule can be a helpful tool for finding the right property to achieve your investment goals.
How to get a mississippi real estate license
Learn the 5 Steps To Become A Real Estate Agent In Mississippi · Complete 60 Hours of approved Mississippi Pre-Licensing education · Pass the course final exam.
How do I prepare for commercial real estate?
Seven Steps For Buying Commercial Real Estate

  1. Know why you are investing.
  2. Weigh all options.
  3. Secure financing before shopping.
  4. Partner with the right people.
  5. Locate the perfect property.
  6. Exercise due diligence.
  7. Close the deal.

How to get a real estate liscence in ms

How do you stand out in commercial real estate? How do you stand out when networking in commercial real estate?

  1. Know your value proposition.
  2. Do your research.
  3. Be authentic and respectful.
  4. Leverage social media.
  5. Seek referrals and introductions.
  6. Be consistent and persistent.
  7. Here's what else to consider.
What makes a good commercial real estate deal? Most investors will want to look for a property that has a cash-on-cash return of at least 8-12% or more.
What are the challenges of commercial real estate? The commercial real estate (CRE) industry has faced some challenges in recent years that have softened demand while raising operating and financing costs. These include higher interest rates, an economic slowdown, the hybrid work environment, a tight labor market and more.
How long does it take to get real estate license in Mississippi? Must complete a minimum of 60 hours of MREC approved real estate courses. Must pass the state licensing exam. Must work under the supervision of a Mississippi real estate broker. Must complete an approved 30-hour post-license course within one year after being issued the temporary salesperson's license.
  • What does it take to get a real estate license in Mississippi?
    • You can use the Mississippi Real Estate Agent License Lookup Tool to verify an agent's license status.
      • Complete 60 Hours of approved Mississippi Pre-Licensing education.
      • Pass the course final exam.
      • Find a Sponsoring Broker.
      • Apply for a Mississippi Real Estate License.
      • Take the final Mississippi Real Estate Exam.
  • How to obtain a mississippi real estate license
    • Visit the Mississippi Real Estate Commission to apply for your license. Your application and fee are good for one year, so you'll need to take the exam within a 
  • How long does it take to become a realtor in Mississippi?
    • Must complete a minimum of 60 hours of MREC approved real estate courses. Must pass the state licensing exam. Must work under the supervision of a Mississippi real estate broker. Must complete an approved 30-hour post-license course within one year after being issued the temporary salesperson's license.
  • How much does a real estate agent make in Mississippi?
    • The average salary for a real estate agent in Mississippi is $34,500 per year. Real estate agent salaries in Mississippi can vary between $18,000 to $56,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

Leave A Comment

Fields (*) Mark are Required