Become a Realtor in Mississippi
Doesn’t it make you ill seeing all the money Realtors make when they sell homes? That is what I thought, too, until I decided to attempt my hand at ending up being a Realtor.
The very first step to becoming a realtor in Mississippi is investing a couple of thousand dollars in acquiring the courses. In the majority of locations, the initial courses will only get you signed up as a domestic Realtor, and you have to purchase more courses in order to get into industrial or farming real estate.
The completion outcome is that I have a brand-new found regard for Realtors. I no longer complain about their high commissions, and in my viewpoint, neither should you.
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I had the misfortune of beginning my real estate career in the spring of 2011. The previous year had actually boasted record sales in the location, so I was expecting a profitable beginning. I might not have actually been more wrong. I had a couple of sales in the beginning (this is uncommon – it typically takes about 6 months to get developed), but then the worldwide economic downturn hit.
I, together with all the other Realtors in the area, had about eight months with next to no sales. That was great for the ones who had actually been in the market for many years and had savings reserved; however, it sufficed to break my real estate career. I had a household to feed and needed an income.
Become a realtor in Mississippi Guidelines
- Should be 18 years old
- Need to be a homeowner of Mississippi prior to finishing the application
- Should finish a minimum of 60 hours of MREC approved real estate courses
- Should pass the state licensing examination
- Upon notice of application approval, pass both the general and state portions of the state licensing exam.
- The general part needs a minimum score of 70%, and the state portion requires a minimum rating of 75%.
- Should work under the supervision of a Mississippi real estate broker
- Should finish an approved 30-hour post-license course within one year after being provided the short-lived sales representative’s license
- Mississippi registration costs are not refundable. Registration charges end after one year of signing up.
After you pass your preliminary real estate exams, you require to pay a number of thousand more dollars in order to become licensed and join the appropriate associations. This is great if you are making a stack of money, but harms it is a slow time in the real estate market.
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