How to Get Your Real Estate License in Mississippi – Sell It Like Serhant

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With the bottom value of residing within the nation, Mississippi is among the most inexpensive locations to purchase a house. Add to that the wealthy historical past of the realm and the traditional Southern ambiance, and this state is a good place to personal property. In case you’re fascinated about beginning a profession in actual property in Mississippi, now is the right time.

Whether or not it’s been your aim to change into an actual property agent for some time now otherwise you’re simply now contemplating it as a brand new profession possibility, the actual property enterprise can give you all the things you need in a profession. 

So, you wish to know methods to get your actual property license in Mississippi? The general licensing course of and schooling necessities are sometimes fairly related throughout the U.S., though a number of the specifics could change, relying on your own home state. Let’s check out the checklist of fundamental necessities you’ll want to fulfill to change into a licensed actual property salesperson within the state of Mississippi. 

  1. Meet the stipulations
  2. Full 60 hours of state-approved pre-licensing schooling
  3. Move the course closing examination
  4. Discover a sponsoring dealer
  5. Apply for a Mississippi Actual Property License
  6. Move the Mississippi Actual Property Examination

1. Meet the stipulations. 

To change into an actual property salesperson within the state of Mississippi, the Mississippi Actual Property Fee (MREC) requires all potential actual property brokers to be no less than 18 years outdated and a resident of the state of Mississippi.

2. Full 60 hours of state-approved pre-licensing schooling.  

Step one to changing into an actual property agent within the state of Mississippi is finishing the 60-Hour Salesperson Pre‑Licensing Course. The pre-licensing course contains schooling on State and Nationwide actual property. Pre-licensing courses in Mississippi might be taken on-line. 

Please be aware that passing these schooling programs doesn’t assure that you just’ll move your actual property examination. Reap the benefits of follow checks and evaluate hours to be sure to’re absolutely ready. 

3. Move the pre-licensing course closing examination. 

When you’ve completed your actual property schooling programs, the subsequent step is to move your course closing. The ultimate examination contains 100 questions. With a purpose to move, you have to rating 70% or increased.

You could take the pre-licensing closing examination as many occasions as it is advisable with a view to move. You’ve got six months from the time you enroll within the pre-licensing course to take the ultimate examination.

When you’ve handed, you’ll obtain a digital certificates of completion. You will want this with a view to apply for an actual property license. 

Observe that this isn’t the identical factor as your precise license examination. Consider this closing as a kind of follow examination it is advisable move earlier than you’re eligible to take the official actual property licensing examination. 

4. Choose an actual property dealer sponsor.

Upon getting handed the take a look at and met the above necessities, you’re issued an inactive license. To get the inexperienced mild to be an actual property agent within the state of Mississippi, it is advisable discover an lively real estate broker to sponsor you. As soon as a dealer accepts your request, your license is upgraded to lively, and you’re free to work as an actual property agent within the state of Mississippi.

Even when the state didn’t require you to work by way of actual property brokerage providers at first, I’d nonetheless strongly advocate it to any new actual property agent. Once I first began, I didn’t be a part of a group, and I look again on that as one in every of my largest errors. If I may offer you one piece of recommendation on methods to decide the proper dealer to work with, it’s this:  Ensure that the dealer you’re contemplating matches your wants, and don’t fear in regards to the different manner round. 

Earlier than you decide to something, I like to recommend researching every brokerage you’re contemplating. Begin with their fame. Does this dealer appear to be on strong floor with a great fame within the state? Ask them about how a lot room you’ll need to develop at their brokerage. What sort of coaching program or additional schooling do they provide? What’s their fee construction like? Do they cost desk charges to work on the brokerage? If that’s the case, do they provide any technological benefits, reminiscent of a a number of itemizing service (MLS)?

When you’ve discovered the proper dealer, your license might be up to date to lively standing. Congratulations on incomes the proper to follow actual property! 

5.  Apply for a Mississippi Actual Property License.

After you discover your sponsoring brokerage, the next step is to fill out and submit an application for a resident salesperson license. Complete the application and return it to the Mississippi Actual Property Fee with the applying payment of $110. Be sure you reply every query to the applying or your utility will probably be returned to you. 

You’ll have to submit a background test and proof of correct identification and fix two pictures (entrance and profile views) together with your utility. Be sure that signatures are notarized with a seal. When your utility is accepted, you’ll obtain a letter from the Fee. 

6. Move the Mississippi Actual Property Examination.

As soon as your utility has been accepted, contact PSI to schedule an appointment to take the licensing examination. The licensing examination have to be taken in particular person at a delegated examination website. 

Exams are provided month-to-month. You could take the State portion of the examination twice inside two months of your actual property license utility being accepted and an infinite variety of occasions for the Nationwide portion. The examination payment is $75.

In your examination date, you’ll have to current two types of identification. One have to be a signature-bearing, legitimate type of government-issued identification, reminiscent of a driver’s license, state ID, or passport that has your {photograph}. The second ID will need to have your signature and preprinted authorized identify, like a bank card, debit card, or wholesale membership card. NO private objects are allowed at testing facilities, however you’ll have a basic-function calculator and scratch paper.

You’ll have 4 hours to take the Mississippi Actual Property Examination. The examination has 100 questions and consists of two sections, a State portion and a Nationwide portion. You have to rating no less than 70% on the Nationwide portion and 75% on the state portion of the examination.

You’ll be notified of your take a look at outcomes upon completion. In case you didn’t move, you’ll obtain diagnostic scoring info for the Nationwide portion of the examination solely and can be capable to schedule a retake. You might be allowed to retake the examination an infinite variety of occasions.

In case you fail twice inside two months, there’s a three-month ready interval earlier than you’ll be able to take the examination once more. The $75 examination payment applies every time.

Finishing these steps doesn’t make you a Mississippi Realtor, nevertheless. It’s because “Realtor” is a copyrighted time period owned by the National Association of Realtors (NAR). NAR has its personal checklist of necessities to hitch, and every member of NAR is sure to particular moral requirements. 

FAQs 

Does Mississippi have license reciprocity with different states? 

Sure. The state of Mississippi has license reciprocity with all 50 states. With a purpose to change into a licensed actual property salesperson in Mississippi, you have to maintain an lively actual property license in one other state and submit an actual property license utility that features your Certification of Licensure from one other state. You wouldn’t have to take the Mississippi Actual Property Examination.

How a lot time does it take to get your actual property license? 

That is actually a query for your self greater than it’s for anybody else. How lengthy would you like it to take? Pushed college students who deal with their course hours like a job can full their schooling inside just a few weeks. The longest course of for them will doubtless be ready on their fingerprint card. On common, most college students take 3-5 months to finish all the things. 

There are solely two issues about this that I can let you know for certain. One of the best time to begin working towards your preliminary license is correct now, and you’ve got the flexibility to regulate your individual tempo after you begin. 

Is there something aspiring actual property professionals can do to get a bonus? 

You wager there may be! The truth is, I’ve partnered with the CE Store to verify of it. By our partnership, we’ve created the coaching program that I want I had once I first began my journey into actual property. With the Sell It Like Serhant: Pre-Licensing Accelerator, you’re getting a full state-qualifying schooling mixed with my very own gross sales system that my group and I exploit at my brokerage. 

Along with getting all of the course hours you want from our state-approved program, this package deal contains loads of distinctive advantages. You’ll have assist from state-approved knowledgeable instructors, the ebooks that you just’ll have to succeed, in addition to my very own “Fast Begin Information”. Every helps you put together on your state examination with the most recent info and suggestions. 

Talking of examination prep, this course package deal comprises 10 progress exams, 5 follow exams (three state and two nationwide), and flashcards to get you prepared for take a look at day. We’re so assured you’ll move your examination the primary time that Mississippi college students even get our Move or Don’t Pay assure. In case you don’t move your state examination in your first try, we’ll refund all of your cash! 

The excellent news doesn’t cease there, both. This course package deal additionally features a membership to extra assets from SERHANT. that can assist you begin reaching success out of your first day within the enterprise. Maybe essentially the most notable of those is my Sell It Like Serhant: Real Estate Core video course. It is a 42-video on-line course that teaches you a similar methods that I exploit with my group to generate leads, create markets, shut offers, and rather more. 

You have already got the potential to get your license and construct a profitable real estate career inside you. Allow us to make it easier to unlock that potential right this moment! 

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