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Every applicant for a resident license as a real estate salesperson shall be age eighteen (18) years or over, shall be a bona fide resident of the State of Mississippi prior to filing his application, shall have successfully completed a minimum of sixty (60) hours in courses in real estate as hereafter specified, and shall have successfully completed the real estate salesperson’s examination as hereafter specified.

Licenses shall be granted only to persons who present, and to corporations, partnerships, companies or associations whose officers, associates or partners present satisfactory proof to the commission that they are trustworthy and competent to transact the business of a real estate broker or real estate salesperson in such manner as to safeguard the interests of the public.

Every person who applies for a resident license as a real estate broker:

(a) shall be age twenty-one (21) years or over, and have his legal domicile in the State of Mississippi at the time he applies;

(b) shall be subject to the jurisdiction of this state, subject to the income tax laws and other excise laws thereof, subject to the road and bridge privilege tax laws thereof;

(c) shall not be an elector in any other state;

(d) shall have held a license as an active real estate salesperson for twelve (12) months prior to making application for the broker’s examination hereafter specified;

(e) shall have successfully completed a minimum of one hundred twenty (120) hours of courses in real estate as hereafter specified; and

(f) shall have successfully completed the real estate broker’s examination as hereafter specified; and

(g) shall have successfully been cleared for licensure by the commission’s background investigation.

(h) sign a form under penalty of perjury stating that the applicant will not hire any real estate salespersons for thirtysix (36) months from the date of approval of his or her active real estate salesperson’s license.

The real estate commission shall create a standard form to comply with the requirements of this section.

Upon completion of such restriction, the real estate broker is authorized to employ any number of real estate salespersons.