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Real Estate Broker
Total cost: $815
Some details on this page are not yet confirmed against an official source. See sources below or contact the licensing board to verify.
60 hrs
Pre-License Hours
1 yrs
Experience Required
Yes
Exam Required
16 hrs
CE Hours
$815
Total Fees
Permitted
Dual Agency
Broker Pre-License Education
Mostly verifiedPre-License Hours
60 hours
College Degree Required
No
Approved Providers
Mississippi-approved real estate schools, colleges, and online providers
Additional Broker Courses
Additional broker-specific courses in management, supervision, and advanced real estate topics required beyond salesperson education
Course Topics
Real estate broker education requirements include pre-license coursework covering topics such as real estate law, brokerage management, contracts, finance, and ethics. Some states require a college degree in addition to pre-license hours, while others accept equivalent experience.
Browse Real Estate Broker study materials on Amazon →(affiliate link)
Start with the salesperson license
Broker licensing in Mississippi typically requires completing your salesperson (real estate agent) license first and practicing for 1 year before you can sit for the broker exam. The pre-licensing courses below are the recommended starting point on the path to a broker license.
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Agent Experience & Transaction History
Mostly verifiedAgent Experience Required
Prior real estate sales agent experience
1 yrs
Min Years as Agent
Most states require a period of active experience as a licensed real estate sales agent before qualifying for a broker license. Some states use a points-based system or require a minimum number of closed transactions as an alternative or additional requirement.
State Broker Exam
Mostly verifiedState Broker Exam Required
Real estate broker licensing examination
Multiple-choice; national and state-specific portions
Format
PSI Services, LLC
Provider
75% national + 80% state law
Passing Score
$75
Exam Fee
Exam Sections
The real estate broker exam typically includes both a national portion covering general real estate principles and a state-specific portion covering local laws and regulations. Exams are usually administered by third-party providers such as PSI or Pearson VUE at authorized testing centers.
Overall licensing difficulty: 5/100
Study recommendation: 1–2 weeks of focused review is usually sufficient
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Broker Exam Prep Books
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Difficulty rating based on education, exam, and experience requirements. Individual experience may vary.
Real Estate Broker Exam
Passing Score
75% national + 80% state law
Format
Multiple-choice; national and state-specific portions
Administered By
PSI Services, LLC
Key Topics Covered
Cost of failing
Retake fee: $75Invest in preparation to pass the first time.
How long should you study? Most candidates study 2–4 weeks before taking the Real Estate Broker Exam.
Study guides for the real estate broker licensing exam.
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Broker Practice Capabilities
VerifiedYes
Independent Practice
Yes
Supervise Agents
Yes
Operate Brokerage
Yes
Property Management
Yes
Escrow Handling
Yes
Dual Agency
Yes
Designated Agency
Restricted Activities
Real estate brokers have a broader scope of practice than sales agents, including the ability to operate their own brokerage, supervise agents, and handle escrow funds. Dual agency (representing both buyer and seller) and designated agency rules vary significantly by state.
| Fee | Amount |
|---|---|
Application Fee Per MREC Rules and Regulations directly and StateRequirement: $150 (Resident Broker Application Fee). Updated from $100 on 2026-04-30. | $150 |
Exam Fee Paid to PSI | $75 |
License Fee VERIFY against MREC Rules and Regulations. The $150 Resident Broker Application fee may be the combined application+license fee. If GLM is double-counting (application $150 + license $120), fix. Kept at $120 pending human verification. | $120 |
E&O Insurance Errors and omissions insurance; varies by provider | $200 |
MLS Fees MLS membership varies by local association | $350 |
Renewal Fee Effective 7/1/2024 per MREC: License Renewal fees for Real Estate Brokers, Associate Brokers, Brokerage Firms, and Branch Offices DECREASED to $100.00 per renewal period. 100% penalty for late renewals still applies. No fees for: business address change, duplicate licenses, license transfer, status change between active/inactive. | $100 |
Total Initial Fees Includes application, exam, license, E&O insurance, and MLS fees | $815 |
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Renewal & CE Requirements
Mostly verified2 years (biennial)
Renewal Period
16 hrs
CE Hours Required
—
Post-License Education
Required CE Topics
Renewal Fee
$100
Effective 7/1/2024 per MREC: License Renewal fees DECREASED to $100.00 per renewal period. 100% penalty for late renewals still applies.
Regulatory Board
Broker licenses must be renewed on schedule with the state real estate commission. Continuing education typically covers topics such as ethics, fair housing, agency law, and state-specific legal updates. Some states also require post-license education within the first renewal period.
Out-of-State Reciprocity
VerifiedAccepts Out-of-State Credentials
Endorsement Available
Yes
ARELLO Certification
Accepted
Reciprocity Requirements
Real estate broker reciprocity agreements allow brokers licensed in one state to obtain a license in another state with reduced requirements. ARELLO (Association of Real Estate License Law Officials) certification may be accepted in some states. Requirements typically include passing the state-specific portion of the broker exam.
Moving to another state? Use our Transfer Tool to see what you need →
Compare Mississippi with other states →
See how requirements, costs, and timelines differ across all 50 states.
Mississippi requires 12 months of active salesperson licensure before broker application, with 60 hours of broker pre-license education (alternative 120-hour path for those not currently licensed). Broker exam requires 75% national + 80% state law passing thresholds (separate per portion). Renewal fee decreased to $100 per renewal period effective 7/1/2024 with 100% late-renewal penalty. CE exemption for age 65+ with 25+ years license; background check exemption for 25+ years license or age 70+. Renewal cycle is 2 years (biennial), NOT 1 year as previously documented in GLM.
Mississippi requires 60 hours of broker pre-license education (alternative 120-hour path for those NOT currently licensed in MS).
Experience: 12 months active salesperson licensure immediately preceding broker application.
Broker exam passing thresholds: 75% national + 80% state law (separate per portion). Broker exam = 115 scored questions (75 national + 40 state). 4-hour total exam time.
License application fee: $150 (Resident Broker Application per MREC Rules and Regulations).
Renewal cycle: 2 years (biennial). Renewal fee decreased to $100 per renewal period effective 7/1/2024 per MREC. 100% penalty for late renewals still applies.
16 CE hours required per 2-year renewal cycle. First renewal cycle replaced by 30-hour Post-License course (Salesperson only — verify if applicable to Brokers).
CE exemption available for licensees age 65+ who have held MS real estate license for 25+ years.
Background check NOT required if applicant has held MS salesperson or broker license for 25+ years OR is over age 70.
Dual agency is permitted with proper disclosure in Mississippi.
Real Estate Broker Schools in Mississippi
Compare approved training programs, costs, and requirements.
Mississippi requires 60 hours of pre-license education and 1 years of agent experience for broker licensure. A state broker exam is required. All licensing is managed through the Mississippi Real Estate Commission.
Requirements vary by state. Always verify current requirements with your state real estate commission.