Mississippi Real Estate Commission

§73-35-17. Fees

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(1) A fee not to exceed One Hundred Fifty Dollars ($150.00) shall
accompany an application for a real estate broker’s license, and in the
event that the applicant successfully passes the examination, no
additional fee shall be required for the issuance of a license for a one-year period; provided, that if an applicant fails to pass the examination,
he may be eligible to take the next or succeeding examination without
the payment of an additional fee. In the event a contract testing service
is utilized, the fee associated with administering the test shall be
collected by the testing provider and the application fee for any real
estate license shall be collected by the commission.


(2) For each license as a real estate broker issued to a member of a
partnership, association or officer of a corporation other than the
member or officer named in the license issued to such partnership,
association or corporation, a fee not to exceed Seventy-five Dollars
($75.00) shall be charged.

(3) A fee not to exceed One Hundred Twenty Dollars ($120.00) shall
accompany an application for a real estate salesperson’s license, and in
the event that the applicant successfully passes the examination, no
additional fee shall be required for the issuance of a license for a oneyear period; provided, that if an applicant fails to pass the examination,
he may be eligible to take the next or succeeding examination without
the payment of an additional fee. In the event a contract testing service
is utilized, the fee associated with administering the test shall be
collected by the testing provider and the application fee for any real
estate license shall be collected by the commission.


(4) Except as provided in Section 33-1-39, it shall be the duty of all
persons, partnerships, associations, companies or corporations licensed
to practice as a real estate broker or salesperson to register with the
commission annually or biennially, in the discretion of the
commission, according to rules promulgated by it and to pay the proper
registration fee. An application for renewal of license shall be made to
the commission annually no later than December 31 of each year, or
biennially on a date set by the commission. A licensee failing to pay
his renewal fee after the same becomes due and after two (2) months’
written notice of his delinquency mailed to him by United States
certified mail addressed to his address of record with the commission
shall thereby have his license automatically cancelled. Any licensee
renewing in this grace period shall pay a penalty in the amount of one
hundred percent (100%) of the renewal fee. The renewal fee shall not
exceed Seventy-five Dollars ($75.00) per year for real estate brokers,
partnerships, associations and corporations. The renewal fee for a real
estate salesperson’s license shall not exceed Sixty Dollars ($60.00) per
year.


(5) For each additional office or place of business, an annual fee not to
exceed Fifty Dollars ($50.00) shall be charged.

(6) For each change of office or place of business, a fee not to exceed Fifty
Dollars ($50.00) shall be charged.


(7) For each duplicate or transfer of salesperson’s license, a fee not to
exceed Fifty Dollars ($50.00) shall be charged.


(8) For each duplicate license, where the original license is lost or
destroyed, and affidavit made thereof, a fee not to exceed Fifty Dollars
($50.00) shall be charged.


(9) To change status as a licensee from active to inactive status, a fee not
to exceed Twenty-five Dollars ($25.00) shall be charged. To change
status as a licensee from inactive to active status, a fee not to exceed
Fifty Dollars ($50.00) shall be charged.


(10) For each bad check received by the commission, a fee not to exceed
Twenty-five Dollars ($25.00) shall be charged.


(11) A fee not to exceed Five Dollars ($5.00) per hour of instruction may
be charged to allay costs of seminars for educational purposes provided
by the commission.


(12) A fee not to exceed Twenty-five Dollars ($25.00) may be charged for
furnishing any person a copy of a real estate license, a notarized
certificate of licensure or other official record of the commission.


(13) A fee not to exceed One Hundred Dollars ($100.00) shall be charged
to review and process the application and instructional materials for
each curriculum seeking acceptance as a real estate continuing
education course developed to satisfy the mandatory continuing
education requirements for this chapter, with the period of approval
expiring after one (1) year. A fee not to exceed Fifty Dollars ($50.00)
shall be charged for each renewal of a previously approved course, with
the period of renewal expiring after one (1) year.

(14) Fees, up to the limits specified herein, shall be established by the
Mississippi Real Estate Commission.

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