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Free MS RE Salesperson Exam Prep

Mississippi Real Estate Salesperson Licensing Exam

Pass your MS RE Salesperson exam without spending hundreds on expensive prep courses. Free study guides, practice questions, and AI-powered learning.

Your Study Path

Mississippi Real Estate License: Complete Roadmap

Follow this path to maximize your chances of passing on the first try

1

Master Mississippi License Law & MREC RegulationsYou are here

Study MREC structure (5 commissioners appointed by governor, headquartered at LeFleur's Bluff Tower, Jackson), Miss. Code Ann. §73-35-1 et seq., 60-hour pre-license requirement, salesperson vs broker license types, post-license (30 hrs within year 1), 16-hour CE every 2 years, disciplinary sanctions including revocation and fines, out-of-state broker provisions, and inactive license status.

18
hours
2

Study Mississippi Agency Disclosure Requirements

Master the mandatory 'Working With a Real Estate Broker' form (revised May 14, 2024) — when it must be provided (before substantive discussions), what it discloses, and the different agency relationship types available in Mississippi: seller's agent, buyer's agent, dual agent, designated agent, and transaction broker. Understand fiduciary duties and the difference between agency disclosure (form) and agency establishment (contract).

12
hours
3

Learn Mississippi Property Condition Disclosure & Trust Accounts

Study the Property Condition Disclosure Statement requirements under §89-1-501 et seq., which sellers must provide to buyers. Know the exempt transactions (new construction, foreclosure, estate transfers, court-ordered sales). Master trust account rules: deposit within 3 BANKING DAYS (not calendar days), maintain records for 3 years, no commingling, broker-only disbursement authority, and MREC audit rights.

15
hours
4

Review National Real Estate Principles

Cover property ownership, estates, and freehold interests; contracts and agency law; financing (Mississippi is a lien theory state — mortgages, not deeds of trust); valuation and appraisal; fair housing laws (7 federal protected classes); transfer of title; environmental issues; land use controls; closing procedures; RESPA/TRID; and real estate math.

22
hours
5

Run Timed Practice Sets

Simulate the 4-hour exam with full 120-question practice sets. Target 70% on the national section (80 questions, 2.5 hrs) and 75% on the state section (40 questions, 1.5 hrs). Note the different passing standards for each section.

15
hours
Estimated total study time
82 hours
That's about 9 weeks at 10 hours/week

Can You Take the MS RE Salesperson Exam?

Check if you meet the basic eligibility requirements

Age
At least 18 years old
Education
60 hours of MREC-approved pre-license education; high school diploma or equivalent
Background Check
Criminal background check required
Fingerprinting
Fingerprinting required as part of background check
Additional Requirements
  • No felony convictions within the past 5 years (MREC may grant waivers for older offenses on a case-by-case basis)
  • 30 hours of post-license education required within the first year of licensure
  • 16 hours of CE required every 2-year renewal period (at least 3 hrs on MS license law)
  • Must affiliate with a licensed Mississippi broker to activate salesperson license
  • Out-of-state licensees may apply for Mississippi license through reciprocity procedures
  • Trust account funds must be deposited within 3 banking days; records kept 3 years
  • MREC 'Working With a Real Estate Broker' form must be provided before any substantive discussions

MS RE Salesperson Quick Facts

Time to Get Licensed

6-10 weeks for most candidates

From start to license in hand

Exam Provider

PSI

In-Person Only
Schedule Your Exam

Retake Policy

Candidates who fail one section may retake only that section. Each retake requires a new exam registration and fee payment through PSI. Candidates must wait until the next business day before scheduling a retake.

Total Cost Breakdown

Exam Fee$75 PSI exam fee per attempt
Application FeeMREC license application fee (varies; approximately $150 total)
Total Estimated Cost~$200-350 total (exam + background check + application), before pre-license course tuition
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What You'll Study

5 chapters covering everything you need to pass

MS RE Salesperson-Specific Topics Covered

Mississippi Real Estate Commission (MREC) consists of 5 members appointed by the governor, headquartered at LeFleur's Bluff Tower, Jackson, MSMiss. Code Ann. §73-35-1 et seq. governs the Mississippi Real Estate License Law60 hours of MREC-approved pre-license education required before sitting for the PSI exam30 hours of post-license education required within the first year of active licensure16 hours of continuing education required every 2-year renewal period (at least 3 hrs on Mississippi license law)PSI administers the exam: 80 national questions (2.5 hrs, 70% to pass = 56/80) + 40 state questions (1.5 hrs, 75% to pass = 30/40)'Working With a Real Estate Broker' form (revised May 14, 2024) must be provided BEFORE substantive discussions about a specific propertyAgency relationship types: seller's agent, buyer's agent, dual agent, designated agent, transaction brokerProperty Condition Disclosure Statement (§89-1-501 et seq.) required for most residential transactionsPCDS exemptions: new construction sold by builder, foreclosure/REO sales, estate/probate transfers, court-ordered salesTrust account deposit deadline: within 3 BANKING DAYS of receiptTrust account records must be maintained for a minimum of 3 yearsCommingling of personal funds with trust funds is grounds for license revocationMREC may audit trust accounts at any time without prior noticeMississippi is a LIEN THEORY state: mortgage creates a lien, borrower retains title (not deed of trust state)Adverse possession period: 10 years (Miss. Code Ann. §15-1-13)Homestead exemption: $75,000 off assessed value of primary residenceMississippi Statute of Frauds: real property contracts must be in writing to be enforceableOut-of-state brokers must comply with Mississippi cooperation licensing requirements to collect commissions in MS transactionsMREC disciplinary sanctions include reprimand, fines, suspension, and revocation
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MS RE Salesperson Exam Details

Mississippi Real Estate Salesperson Licensing Exam

Administered by Mississippi Real Estate Commission (MREC) / PSI

Official Source
70% national (56/80), 75% state (30/40)
Passing Score
120
Questions
4
Hours
$75 exam fee
Exam Fee
Study time: 70-100 hours
Prerequisites: Complete 60 hours of MREC-approved pre-license education; minimum age 18; high school diploma or equivalent; background check; no felony convictions within past 5 years

Exam Content Breakdown

Based on the official Mississippi Real Estate Commission (MREC) / PSI content outline

MS Licensing & MREC30%

MREC structure and powers (§73-35-1 et seq.), 5-commissioner board, 60-hour pre-license education, salesperson vs broker requirements, post-license (30 hrs within year 1), license renewal and CE (16 hrs per 2-year cycle), disciplinary sanctions and grounds for revocation, out-of-state broker licensing, inactive and exempt license status

Agency Disclosure20%

Mandatory 'Working With a Real Estate Broker' form (May 14, 2024 revision), provision before substantive discussions, agency relationship types (seller's agent, buyer's agent, dual agent, designated agent, transaction broker), fiduciary duties, compensation disclosure, confidentiality obligations

Property Conditions & Trust Accounts22%

Property Condition Disclosure Statement (§89-1-501 et seq.), exempt transactions, trust account requirements (deposit within 3 banking days), records retention (3 years), broker supervision of trust accounts, prohibited commingling, earnest money handling

National Real Estate Fundamentals28%

Property ownership and estates, contracts and agency law, financing (lien theory state), fair housing laws, transfer of title, valuation and appraisal, environmental issues, land use controls and zoning, closing procedures, real estate math

What's Included

5 Chapters

Complete exam coverage

Practice Quizzes

With detailed explanations

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What's Next After the MS RE Salesperson?

After passing the MS RE Salesperson, you can pursue these career paths

MS RE Salesperson Exam FAQ

Official Mississippi Real Estate Commission (MREC) / PSI Resources

Verify information with these official sources

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