How Hard Is the Mississippi Real Estate Exam and How to Pass It the First Time?
In this article, we take a look at Mississippi real estate exam difficulty and what it takes to pass the test on the first try.
We discuss what the test covers, how best to study, and what you should do next if you fail to pass it the first time around.
Keep reading for all the information you need to know to properly prepare for the real estate exam in The Magnolia State.
Best Way to Pass the Mississippi Real Estate Exam
How to Study for the Mississippi Real Estate Exam
Your study strategy for the Mississippi real estate exam starts with completely immersing yourself in the pre-licensing education you need to fulfill as part of the licensing process.
Those aiming for a salesperson license are required to complete 60 hours of pre-licensing coursework. This can be taken in any accredited real estate education providers in the state.
These providers offer the courses in a traditional classroom format or via remote learning. Choose the best method that will allow you to learn thoroughly.
Find out which format suits you best by reading the pros and cons of real estate classes online vs. classroom courses.
Whether you do a little studying every day or ramp up to it as your testing day approaches, you have a few options to differentiate review and keep focused.
Start with taking detailed notes in your classes. These will become a primary resource for review. Next, read any supplemental materials recommended.
You’ll then want to take all this new information and convert it into study materials like outlines and flashcards, organized by topic, for easy review.
It’s also important to find a good place to study, somewhere with minimal distractions and interruptions, that you have access to on a regular basis.
You also have the option to form a study group with friends from class if you find that reviewing in a group helps you stay on track.
What to Study for the Mississippi Real Estate Exam
All the materials you prepare to study from will help you figure out what topics are truly essential, but it’s also good to know where to get an idea of what is on the real estate exam.
The very best place is the Candidate Information Bulletin from PSI. With topic outlines for both the salesperson and broker exam, it should be your go-to resource.
Not only are outlines included, but the percentage of the salesperson and broker exam focused on each topic is also listed.
Topics covered in the general section of the exam include:
- Property ownership
- Land use controls and regulations
- Valuation and market analysis
- Greater principles of agency
- Property disclosures
- Leasing and property management
- Transfer for title
- Practice of real estate
- Real estate calculations
Topics covered in the state section of the exam include:
- Powers and duties of the Real Estate Commission
- Licensing requirements and licensing maintenance
- Property condition disclosures
- Agency disclosure and duties to parties
- Out-of-state brokers and developers
- Trust accounts
- Broker responsibilities
- Records and documents
- Advertising, marketing, and internet
Achieving the real estate exam results you want on that first try means taking the time to review each of these topics thoroughly.
6 Tips for Passing the Mississippi Real Estate Exam
After taking some time to review the exam outline, you may want to create a study strategy that helps you keep track of all that you need to learn.
Not only will this ensure you don’t forget a topic, but it will also help streamline your study time.
These six tips can help make any study strategy more efficient.
Tip 1: It’s all about the notes
The best source of information to study for the real estate exam is the lectures in your Mississippi real estate courses.
To capture all that vital information, make sure you take good notes.
Not only will writing down key points ensure you review them later, but sometimes hearing and writing the same information can help you with memorization.
Tip 2: Consolidate your information
You may feel like your notes are all over the place once you go back to them to review, so organize them into topic outlines for more clarity.
This allows you to put all related information into one place and also remove any superfluous information you wrote down during class.
Tip 3: Make it easy to quiz yourself
As you organize information into outlines, you’ll find yourself with a variety of hard facts. These can include everything from dates to real estate statutes.
Converting this information into flashcards can make studying much easier, and allows you to quickly quiz yourself to get those facts memorized.
Tip 4: Nail down a study spot
Even if you have more than one place that works for studying, to be consistent, it’s best to pick the best one and just use that.
This means somewhere that’s quiet, with limited distractions, that’s available on a regular basis.
Try to get there everyday, but at the very least, make a regular schedule so studying starts to feel familiar and becomes part of your routine.
Tip 5: Add in some downtime
To keep your brain operating at its best while studying, don’t forget to also schedule in some downtime.
This is so your mind can have a rest and recharge for its next round of review.
A true study break means you do an activity where your brain can truly get away from real estate information.
This includes activities like reading, going for a walk, watching TV, or even playing video games.
Tip 6: Take test like a pro
Having a testing strategy for exam day is just as essential as building your study strategy.
This strategy should be all about testing efficiently, so those harder questions don’t delay your ability to get through the entire test.
A few great tips include:
- Reading through the entire test first, marking questions as easy or hard
- Answering the easy questions first
- Reading each answer choice before making a selection (no matter what)
- Using a process of elimination on the hard questions to narrow down the possible answers
- Allowing yourself to make educated guesses when necessary.
What Is the Cost of Taking the Mississippi Real Estate Exam?
The fee for taking the real estate exam in Mississippi is $75. Both salespeople and brokers pay the same fee.
To register, you’ll need to contact PSI, and can do so by calling 855-557-0620 or by creating an online account.
For other fees associated with getting licensed in the state, refer to our article – How Much Does It Cost to Get a Real Estate License in Mississippi?
How Hard Is It to Pass the Mississippi Real Estate Exam?
What Is the Pass Rate for the Mississippi Real Estate Exam?
For the real estate salesperson exam, the pass rate is around 75 percent. This means the test is challenging, but not impossible should you properly prepare.
This involves a lot of studying and review, in addition to being very attentive during your pre-licensing classes.
Given that 3/4 of those who attempt the test pass it the first time, how many people pass the real estate exam at first shouldn’t be something of concern.
How Many Questions Are on the Mississippi Real Estate Exam?
Taking the real estate exam means tackling two sections of test questions for a total of four hours.
While you’ll have 2.5 hours to complete the general portion, and 1.5 hours to finish the state, the total number of questions will vary between the two exams.
For the salesperson exam, there are 80 general questions and 40 state questions.
For the broker exam, there are 75 general questions and, again, 40 within the state portion.
How Many Math Questions Are on the Mississippi Real Estate Exam?
The total number of math questions on the Mississippi real estate exam vary based on exam type.
The salesperson exam has eight math questions, while the broker exam only has six.
All math questions are found in the general section, and while both will have questions covering basic math and calculations for transactions, the broker exam has a third math topic.
On the broker exam, you’ll also see math questions related to calculations for valuation and rate of return.
What Score Do You Need to Pass the Mississippi Real Estate Exam?
In order to pass each section of the real estate exam in Mississippi, you need a specific minimum percentage.
For the salesperson exam, that’s a 70 percent for the general portion, and a 75 percent for the state.
For the broker exam, you’ll need at least a 75 percent to pass the general portion, and an 80 percent to pass the state.
What Happens if You Fail the Real Estate Exam in Mississippi?
How Many Times Can You Fail and Retake the Mississippi Real Estate Exam?
You have an unlimited number of attempts to pass the general portion of the real estate exam in Mississippi, but only two chances to pass the state portion.
Passing both sections must be completed within a 60-day approval window.
After that, you must submit a new application after a waiting period of three months for a salesperson applicant, and six months for a broker applicant.
The wait time begins from the day you fail the state portion of the exam the second time.
To finally become a licensed real estate agent in Mississippi, you must pass both sections of the exam within the same 60-day period, and no scores carry over should you need to reapply.
How Long Do You Have to Wait to Retake the Mississippi Real Estate Exam?
Should you need to schedule a retake within the 60-day approved period, you must wait until the day after you’ve failed to contact PSI.
At that point, you can either schedule a retake online or call PSI at 855-557-0620.
This means that should you fail one or both sections of the exam on a Tuesday, you can call to schedule your retake as early as Wednesday.
For the estimated time frame to complete all the other steps in the licensing process, read our article on how long it takes to get a real estate license in Mississippi.
Do You Have to Pay to Retake the Mississippi Real Estate Exam?
You will have to pay each time you retake the exam, and the fee is the same as when you took the test initially.
You’ll pay $75 whether retaking one or both sections of the exam.
To avoid paying for retakes, read our guide on how to pass the real estate exam the first time.
Use this information as your guide to prepare properly for the Mississippi real estate exam.
On top of fulfilling this portion of the licensing process, you also need to complete all the other requirements in getting a real estate license in Mississippi.
An important prerequisite is passing a background check for a Mississippi real estate license. This is to know if you are eligible to get licensed should you have any past criminal violations.
All salesperson license applicants are also required to be sponsored by a licensed real estate brokerage in Mississippi.
Our guide on choosing the right real estate brokerage to work for will help you pick a suitable real estate company to be affiliated with as a new agent.
Upon fulfilling all the license application requirements, dedicate an ample amount of time to study the industry as you wait for your application to get approved.
It’s also a good idea to understand what it’s like to work as a real estate agent. Our article on the pros and cons of being a real estate agent as a career can help you with that.
When you finally get your license, take advantage of good resources that will allow you to establish a successful real estate business.
It’s designed to help you get more exposure for your business, including receiving leads. Create a free profile by signing up here.
If you want to contribute your expert advice on a topic of your expertise, feel free to apply to our Expert Contributor Program.
About the Author
Kristina Morales is a REALTOR® with over 20 years of professional experience. She actively practices real estate in Ohio but also has practiced real estate in California and Texas. Conducting her real estate business in three states has allowed her to gain unique experiences that make her a well-rounded realtor. She obtained her Bachelor of Arts in Business Management and her MBA with a concentration in Banking and Finance. Prior to real estate, Kristina had an extensive corporate career in banking and treasury. She ended her finance career as an Assistant Treasurer at a publicly traded oil & gas company in Houston, TX.