Property Management requirements in Mississippi
Must Mississippi property management companies have a real estate broker's license?
YES. Key components of property management (managing, renting and leasing) are considered real estate brokerage services under existing Mississippi real estate licensing laws. If a property manager is going to lease, rent, manage, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirements that a Mississippi property manager have a broker's license?
YES. For example, bona fide owners of property and their salaried employees who are engaged in property management in the regular course of business are exempt.
Before hiring a property manager to manage your Mississippi rental property, you should always check that he or she is licensed appropriately. You can check the license status of Mississippi property managers at the Mississippi Real Estate Commission's "Find Licensee" webpage.
Mississippi Community Association Management Licensing
There is no requirement that a community association manager or condo association manager in Mississippi hold a real estate broker's license. In addition, no separate license is required.
Mississippi Real Estate Broker Licensing Requirements
Mississippi real estate broker licensing requirements include:
Mississippi Real Estate Salesperson Licensing Requirements
Mississippi real estate salesperson licensing requirements include:
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.