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Your real estate license is your ticket to a new career, and passing the salesperson exam is one of the mandatory requirements.
To pass the Mississippi Real Estate Salesperson Exam, the candidate must achieve a score of at least 70% on the General Portion and 75% on the State Portion. Study the course materials from a trusted provider, read over the Mississippi Real Estate Candidate Information Bulletin and doing multiple exam preps can increase the chance of passing the exam. The Mississippi Real Estate Salesperson Exam has 120 questions with 4 hours of writing time. It consists of the General Portion and the State Portion. It is administered by PSI and the exam fee is $75.
In this guide, I will go over the content, sample questions, FAQ, exam preps of the Mississippi real estate salesperson exam. Although the result is not guaranteed, I’m confident it can help to increase your chance of passing it significantly. So you will be one step closer to starting your real estate career in Mississippi.
But before we start, I want to give a brief disclaimer. This post is not intended as legal advice or state/federal real estate training. It is for general information only. Please always follow your State laws and best practices.
Table Summary of the Mississippi Real Estate Exam
| Portion | # of Questions | Required Passing Score |
|---|---|---|
| General | 80 | 70% |
| State | 40 | 75% |
How to register for the Mississippi Real Estate Exam?
The Mississippi Real Estate Salesperson Exam is administered by the PSI and to schedule in writing it, you can create an account on their website. In there, you can choose the testing center and date. The exam fee is $75 and it can be paid through a credit card, debit card or electronic check.
You may also call 855-557-0620. However, online registration should be the fastest and most convenient way.
Regardless of which method you choose, keep in mind that you must make the reservation 24 hours before the exam.
How many questions are on the Mississippi real estate exam?
The Mississippi Real Estate Salesperson Exam has a total of 120 questions and it consists of the General Portion and State Portion. The General Portion has 80 questions and the State Portion has 40 questions.
Here’s the content of the General Portion:
| Topics | Weighting | Topics |
|---|---|---|
| PROPERTY OWNERSHIP | 8% | A. Real property vs. personal property B. Land characteristics and legal descriptions C. Encumbrances and effects on property ownership D. Types of ownership |
| LAND USE CONTROLS AND REGULATIONS | 5% | A. Government rights in land B. Government controls C. Private controls |
| VALUATION AND MARKET ANALYSIS | 7% | A. Appraisal B. Estimating Value C. Competitive/ Comparative market analysis |
| Financing | 10% | A. Basic concepts and terminology B. Types of loans C. Financing and lending |
| General principles of agency | 13% | A. Agency and non-agency relationships B. Agent’s duties to clients C. Creation of agency and non-agency agreements; D. Responsibilities of agent to customers and third parties, including disclosure, honesty, integrity, accounting for money E. Termination of agency |
| PROPERTY DISCLOSURES | 6% | A. Property condition B. Environmental issues requiring disclosure C. Government disclosure requirement (LEAD) D. Material facts and defect disclosure |
| CONTRACTS | 17% | A. General knowledge of contract law B. Contract clauses, including amendments and addenda C. Offers/ purchase agreements D. Counteroffers/ multiple offers |
| LEASING AND PROPERTY MANAGEMENT | 3% | A. Basic concepts/ duties of property management B. Lease agreements C. Landlord and tenant rights and obligations D. Property manager’s fiduciary responsibilities E. ADA and Fair Housing compliance in property management |
| TRANSFER OF TITLE | 8% | A. Title insurance B. Deeds C. Escrow or closing; tax aspects of transferring title to real property D. Special processes E. Warranties |
| Practice of real estate | 13% | A. Trust/escrow accounts B. Federal fair housing laws and the ADA C. Advertising and technology D. Licensee and responsibilities E. Antitrust laws |
| Real estate calculations | 10% | A. Basic math concepts B. Calculations for transactions |
Here is the exam content of the State Portion:
| State Portion Content Outline | Number of items | Topics |
|---|---|---|
| POWERS AND DUTIES OF REAL ESTATE COMMISSION | 4 | 1. Hearings, including subpoena power 2. Purpose and jurisdiction 3. Violations 4. Penalties MREC can impose |
| LICENSING REQUIREMENTS and LICENSE MAINTENANCE | 4 | 1. General licensing requirements 2. Continuing and Post-licensing ed req 3. E & O insurance 4. Disqualifying issues 5. Activities Requiring License (incl. time shares, auctions, prop mgmnt) 6. Exemptions from licensure 7. Inactive license 8. Rules about receiving and Sharing Commissions. |
| PROPERTY CONDITION DISCLOSURES | 4 | 1. Disclosure form (delivery, who completes) 2. Stigmatizing factors 3. Licensee responsibility to advise client, ensure completeness 4. Exemptions from Disclosure – no exemption for new construction 5. Disclosure form is not part of contract (see form) but is attached to listing 6. Material changes allow buyer to void contract |
| AGENCY DISCLOSURE AND DUTIES TO PARTIES | 8 | 1. Dual Agency Disclosure 2. Working with a Real Estate Broker 3. Disclosure of licensed status if a principal 4. Timing of disclosure, Rules about parties to whom disclosure must be made 5. Buyer may withdraw from Buyer-Broker agreement w 15 days’ notice 6. General Duties to all Parties |
| OUT-OF-STATE BROKERS AND DEVELOPERS | 4 | 1. Cooperative agreements 2. Reciprocal licenses |
| TRUST ACCOUNTS | 4 | 1. Handling of earnest money 2. General acctg practices; no commingling 3. Broker is account holder; Salesperson may not establish prop mgt escrow acct independent of broker 4. Disbursement issues (interpleader) |
| BROKER RESPONSIBILITIES, INCLUDING SUPERVISION OF SALES ASSOCIATES | 6 | 1. Supervision of associated licensees 2. Inform MREC of change in associate status/ termination 3. Responsibility for acts of associates 4. License display; place of business 5. Broker Price Opinion 6. Associates’ Compensation |
| RECORDS AND DOCUMENTS | 3 | 1. Length of time to keep (Routine, if litigation) 2. Records that are included in this requirement 3. Disposition of records after close of a business 4. Electronic records OK |
| ADVERTISING/ MARKETING/ INTERNET | 3 | 1. Social media and internet are advertising (part of “ALL advertising”) 2. Must advertise in broker’s name 3. Broker must permit/approve advertising 4. Private controls |
Tips to prepare for the Mississippi Real Estate Exam
Let’s Study the Mississippi Real Estate Exam “Strategically”
Many people would try to read and memorize all the study materials. Although it could work for some people, it really doesn’t work for me.
Here are the exact steps I have been using to prepare for exams. It has worked wonderfully for me throughout high school and university, and they still work well when I wrote exams in my field of work.
- Review the exam outline to see which topics will be heavily weighted
- Skim through a practice exam to get a sense of the questions
- Read over the course materials. Focus more on the sections you’ve seen in the practice exam and those that will be heavily scored.
- Try writing a practice test.
- For the parts that you got wrong, you should review them carefully. I usually would create a document file and take notes on those topics.
- Repeat steps 4 and 5 until you can score at least 10% more of the required passing mark for at least two practice exams. (Some people would get nervous during the actual exam writing, so it’s better to have a buffer room on the score. In this case, try to aim for over 85% for the Mississippi real estate exam.)
Doing practice questions indeed can help you prepare for the real estate exam. They help you understand what type of questions you’re likely going to see during the test and give you an idea of what topics might come up, making studying more efficient.
Here’s another tip: Studying for the sack of passing the real estate exam could be dreadful. Remember a specific question appears in the test because it could actually be applied in your real estate practice. When you study, just imagine it is your client who is asking the questions.
Here are some Mississippi Real Estate Exam Preps that can help You
When choosing a real estate school, I prefer one where you could take the courses online. This way, you could study at your own pace whenever and wherever. The Colibri is a trustworthy real estate education provider. You may click here to see whether they offer pre-licensing course in your state. (**)
PrepAgent – An Interactive Way to Prepare Your Real Estate Exam
PrepAgent is another excellent choice in helping you to pass the real estate exam. Rather than sitting in front of your desk for hours and studying from boring textbooks, Prep Agent is a much more interactive and effective way.
I like their premium package as it consists of audio lessons, online interactive flashcards, live online webinars, exam prep ebook, and many more. This package allows you to access the materials for the entire year.
Here’s a link to the PrepAgent website (**)
Where can I take my real estate exam in Mississippi?
There are multiple testing centers where you can take the Mississippi real estate exam. They are:
- Jackson, 2679 Crane Ridge Dr, Suite B, Jackson, MS 39216
- Metairie (New Orleans), 2750 Lake Villa Drive, NY II Bldg, Suite 302, Metairie, LA 70011
- Baton Rouge, 8338 Summa Avenue #302, Baton Rouge, LA
- Mobile, 6051 – B Airport Blvd. Mobile, AL 36660
- Memphis, Apple Tree Center, 6099 Mt. Moriah Extended, Suite 17, Memphis, TN 38115
It’s better to do a search in Google Map beforehand. I usually would do a street view tour to have a better idea of the testing location. And also find out where you can park your car.
On the testing day, you should account for the time to sign in and go through the identification process. It’s better to arrive at the testing center at least 30 minutes before your exam.
What should I bring to the exam center?
You are required to bring two pieces of valid ID. The primary ID needs to be a government issued ID with photograph and signature.
- U.S. Dept. of State Driver’s License
- U.S. Learner’s Permit (plastic card only with photo and signature)
- National/State/Country ID card
- Passport
- Passport Card
- Military ID
- Military ID for spouses and dependents
- Alien Registration Card (Green Card, Permanent Resident Visa)
The Secondary ID needs to have signature and not expired.
• U.S. Social Security card
• Debit (ATM) or Credit card
• Any form of ID on the Primary ID list
When will I know the result?
Once you finish writing the real estate exam, you will receive a score report that mark either “pass” or “fail”.
- If you pass, you will be provided with information on how to apply for a license.
- If you fail, you will be provided with a diagnostic report of the exam. You will also receive information about reexamination.
How can I retake the Mississippi real estate exam?
You may schedule to retake the failed portion of the Mississippi real estate exam after 24 hours of writing it. Keep in mind that you need to pass both portions of the exam within the two months eligibility period. If you fail to pass both portions within 6 months, you will have to retake the entire exam.
Here are more incredible resources to learn about the Mississippi real estate career!
This article is part of the “Mississippi Real Estate Career Series.” If you want to know more about being a real estate agent in Mississippi, I invite you to check out the following articles:
- How to Obtain a Real Estate License in Mississippi?
- How Much do Real Estate Agents Make in Mississippi?
- Business Strategies for Real Estate Agents in Mississippi
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(**) Affiliate Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you. Our company, JCHQ Publishing will earn a commission if you decide to make a purchase after clicking on the link. Please understand that we include them based on our experience or the research on these companies or products, and we recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something through the links. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Disclaimer: The information in this post is for general information only, and not intend to provide any advice. They are subjected to change without any notice, and not guaranteed to be error-free. Some of the posts on this site may contain views and opinions from individual not related to JCHQ Publishing. They do not necessarily reflect our view or position.
Reference:
- Mississippi Real Estate Commission (source)
- Mississippi Real Estate Candidate Handbook (source)
- Bureau of Labor Statistics – Real Estate Agents (source)
