Mississippi Real Estate Exam: Everything You Need to Know

Finding the right instructions on how to apply, schedule, and pass the Mississippi exam is a challenge. That’s why we did the research and assembled everything you need to know about the exam into this article. Here’s a list of what you can expect to gain as you read on:  

• How to schedule the Mississippi real estate licensing exam 
• The requirements to register for the exam
• The cost of the exam
• Where you can take the exam 
• What is covered on the exam 
• The difficulty level of the exam 
• Best tips to pass the exam 

How to Schedule the Mississippi Real Estate Licensing Exam

To qualify to schedule the Mississippi real estate exam, all aspiring candidates must first meet the following requirements: 

• You must be a citizen of the U.S. or a lawfully admitted alien
• You must be 18 years or older 
• You must complete Sixty (60) classroom hours of Real Estate courses from a college/community college or a Mississippi-approved pre-license education provider.

If you meet the requirements above, you can apply for a license by filling out an application form and submitting it to the Mississippi Real Estate Commission (MREC). The following should accompany your application: 

• A Certificate of Completion of the education requirements: official transcript, grade report or copy of the certificates
• An application fee of $100 

Your application will be reviewed, and if approved, you’ll receive a letter from the MREC. After this, you can visit the PSI website to schedule your exam. You can also schedule via telephone by calling (855) 557-0620 between 6:30 a.m. and 9:00 p.m. on weekdays and 8:00 a.m. and 4:30 p.m. on weekends. 

You’ll be required to pay an examination fee of $60, valid for one examination only. If you need any help during your registration or scheduling, call (855) 557-0620

Where Do You Take the Mississippi Real Estate License Exam?

Candidates for the Mississippi real estate licensing exam are to take their exams at any of the designated PSI testing centers around the state. These locations are as follows:

• Jackson 
• Metairie (New Orleans)
• Baton Rouge
• Mobile 
• Memphis 

Can You Take the Exam Online?

No, you cannot take the Mississippi real estate licensing exam online. Candidates for this exam will be required to go to PSI testing centers located around the state to take the exam. If you’re currently not in Mississippi, you can fill out and submit an Out-of-State Testing Request to take the exam in other testing centers across the United States. 

What to Bring on the Day of Your Exam

On the day of your Mississippi real estate exam, you are expected to bring one form of VALID identification, which includes:

• State-issued driver’s license
• State-issued identification card
•  US Government Issued Passport
• US Government Issued Military Identification Card 
• US Government Issued Alien Registration Card
• Canadian Government Issued ID

You should arrive at your appointment at least 30 minutes early on the exam day. This additional time is for identification and sign-in and for you to become familiar with the examination procedure.

If you arrive late, you may not be allowed to take the exam and risk forfeiting your examination fee. 

What is on the Mississippi Real Estate Exam?

The Mississippi real estate salesperson licensing exam is made up of two sections, namely: 

• The national portion, comprising questions based on national real estate principles and practice
• The Mississippi state-specific portion, comprising questions based on Mississippi state real estate laws and real estate board rules

National Portion 

Here are some topics you will come across in the national portion of the exam, with the percentage of questions you can expect from each topic:

• Property ownership: 8%
• Land use controls and regulations: 5%
• Valuation and market analysis: 7%
• Financing: 10%
• General principles of agency: 13%
• Property disclosure: 6%
• Contracts: 17%
• Leasing and property management: 3%
• Transfer of title: 8%
• Practice of real estate: 13%
• Real estate calculations: 10%

State Portion 

Here are some topics you will come across in the state portion. The number of questions you can expect per topic is written in front of each topic:

• Powers and Duties of the Real Estate Commission: 4 (10%)
• Licensing Requirements and License Maintenance: 4 (10%)
• Property Condition Disclosures: 4 (10%)
• Agency Disclosure and Duties to Parties: 8 (20%)
• Out-of-State Brokers and Developers: 4 (10%)
• Trust Accounts: 4 (10%)
• Broker Responsibilities, Including Supervision of Sales Associates: 6 (15%)
• Records and Documents: 3 (7%)
• Advertising/Marketing/Internet: 3 (7%) 

Will There Be Math on the Exam?

Yes, there will be math on the Mississippi real estate licensing exam. These math questions will be found in the national portion. They will be related to basic math concepts, such as Loan-to-Value (LTV) ratios and discount points, as well as calculations on transactions, such as property tax calculations, seller’s proceeds of sale, and commission splits. 

Keep in mind that solving these math problems could be difficult and time-consuming. It is, therefore, best to save these questions for later while you continue to answer the other questions unless the answers are easy. This allows you to answer more questions and maximize your allocated time. 

Is the Mississippi Real Estate Exam Hard?

As can be expected of any professional certification exam, the Mississippi real estate exam is hard and will only get harder for poorly prepared candidates. This is why studying hard and getting all the help you can before taking the exam is important. 

How Many Questions Are on the Mississippi Real Estate Exam?

The Mississippi real estate salesperson exam has a total of 120 multiple-choice questions. 80 of these questions fall under the national portion, while the remaining 40 fall under the state-specific portion. Candidates are given 4 hours to complete the exam: 2 ½ hours for the national section and 1 ½ hours for the state section.  

Note that 5-10 experimental questions may be added to a candidate's test. These questions are used to evaluate the quality of the exam and develop future licensing examinations. These questions will not be scored; neither will the time used to answer them count against the testing time.  

To pass this exam, you must have gotten a minimum of 56 questions correct in the national section and 30 in the state section. Once you submit the exam, your score will be displayed on the screen. If you pass, you will receive a successful notification and a performance summary on the screen. 

If you fail, the successful notification will include a diagnostic report highlighting your strengths and weaknesses in different parts of the examination. This is to help you prepare better for a retake. 

What is the Passing Rate for the Real Estate Exam in Mississippi?

The real estate exam in Mississippi sees 70% of candidates pass on the first try, meaning that if 1,000 people take the exam, about 700 people are expected to pass. This implies that while the exam might be hard, there is a good chance that candidates will pass if they undergo the necessary preparations. 

Note that this passing rate may be affected over time due to changes in the exam content and difficulty level. 

How Many Times Can You Take the Real Estate Exam?

To retake the Mississippi real estate exam, you only need to sit for the portion(s) you failed. If you failed the national portion, you can retake it as many times as you need to pass it within two months after your license application was approved. However, if you fail the state portion, you can only take it twice within two months after your license approval. 

If you fail to pass both exam portions within two months of your license approval, you must re-apply to the MREC to establish eligibility. If you fail to pass the state portion after retaking it twice, you’ll have to wait three months before re-applying for your license to the MREC.

Note that every attempt to take this exam -whether or not you’re taking both sections-  will cost you an exam fee of $75.

How to Pass the Mississippi Real Estate Exam

To pass the Mississippi real estate exam on the first trial, candidates must put in the required studying. This section will give you proven study strategies to make the the process easier. They include: 

Create a Study Schedule 

When preparing for an exam like the Mississippi real estate exam, creating a study schedule may be just what you need to balance your study sessions with your other daily commitments. A well-planned study schedule will improve your daily time management by ensuring that every minute of your time is accounted for.  

Ensure you input frequent breaks into your study schedule to prevent burnout. It's also best to set your study time to periods of the day when you are less busy or distracted, such as early in the morning and late at night. We recommend studying for a little bit every night or at least every other night.

Use Acronyms and Mnemonic Devices

Acronyms and mnemonic devices are memory aids that break down complex information into smaller and simpler chunks that are easier for the brain to process and remember. Acronyms are formed by taking the first letters of each word in a phrase and forming a word with it. A good example of a real estate acronym is CCIM, which stands for Certified Commercial Investment Member. 

Similarly, mnemonic devices are formed by associating a piece of information with something that can be easily related. A good mnemonic device detailing a property's four essential characteristics to have value would be “Don’t Utter Silly Things.”

• Don’t for Demand
• Utter for Utility
• Silly for Scarcity
• Things for Transferability

Join a Study Group 

Joining a study group can significantly increase your chances of success in the exam by improving your learning process. It provides like-minded people to be accountable to, helping you be more intentional. Studying in a group can also boost your motivation to study and pass, born out of healthy competition.

Get Guided Help

With 120 questions ranging over everything you learned in a 60-hour course, knowing exactly what to study for is difficult. That’s why we put together a Mississippi real estate exam prep package. This package guides you through exactly what you need to study for while giving you the resources to study for it. It’s like having your own online exam trainer.

You’ll also get access to the following resources to help you learn and drill the information so you feel absolutely prepared going into the exam:

• 1,500 Mississippi practice real estate exam questions
• Unlimited customizable practice exams
• 1,000+ Online vocabulary flashcards
• Video explanations of concepts and vocabulary words
• E-book study guide

Final Thoughts on the Real Estate Exam in Mississippi 

The Mississippi real estate exam is mandatory for all individuals who want to be licensed real estate salespersons. Passing this exam requires careful preparation and a solid understanding of real estate concepts and practices. To increase your chances of succeeding on this exam, follow the tips above and get our Mississippi real estate exam prep package today.

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