Real Estate Practice in Mississippi
Mississippi practice is shaped by trust-account rules and the property disclosures expected in a residential sale. This chapter covers handling client money and seller disclosure obligations.
Trust Accounts and Earnest Money
Client funds such as earnest money must be handled through the responsible broker's trust (escrow) account. A salesperson who receives funds must deliver them promptly to the responsible broker, who must keep trust money separate from personal and business funds. Commingling or converting trust money is among the most serious violations of Mississippi license law.
Property Condition Disclosure
Mississippi generally requires a seller of residential property to give the buyer a property condition disclosure statement describing the known condition of the home and its systems. Licensees must not help conceal known defects and should encourage complete, honest disclosure. Accurate disclosure protects the consumer and helps shield the licensee from later misrepresentation claims.
Advertising and Supervision
Advertising must be truthful and must properly identify the broker so the public is not misled about who is offering the property. The responsible broker is accountable for the advertising and conduct of placed salespersons. Following the license law, rules, and disclosure requirements is an ongoing condition of practice in Mississippi.
State-specific details
State exam facts
- State regulator
- Mississippi Real Estate Commission (MREC)
- Exam vendor
- Pearson VUE
- Prelicensing education
- 60 hours of approved salesperson pre-license education
How many prelicensing hours does Mississippi require to become a real estate agent?
Mississippi requires a 60-hour salesperson pre-license course approved by the Mississippi Real Estate Commission before you sit for the state exam.
Who licenses real estate agents in Mississippi?
The Mississippi Real Estate Commission (MREC) licenses salespersons and brokers. MREC uses Pearson VUE to deliver the exam.
How is the Mississippi salesperson exam structured?
The Mississippi salesperson exam is delivered by Pearson VUE with a national portion and a Mississippi state portion, scored separately; you must pass both. Confirm the current scored-question counts in the Pearson VUE Candidate Handbook.
Sources: https://www.mrec.ms.gov/licensing/, https://home.pearsonvue.com/ms/realestate
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