What must I do in MS if I transfer responsible brokers?
If you change your employing broker, you must complete a salesperson transfer application. It must be signed by your current responsible broker, who must return your license to the MREC within three days of releasing you. The MREC prefers that this form, license, and the feet are sent together. You will also need to include your new responsible broker so the MREC knows who to issue your license to. There is a $50 transfer application fee payable to the MREC.
Related FAQs
If you hold a Mississippi real estate salesperson license, you are legally able to earn a commission or other compensation by representing sellers and buyers with their selling, purchasing, listing, leasing, or renting needs for any real property. A qualifying broker must supervise a real estate salesperson.
A real estate salesperson license is required when you wish to represent a buyer or seller in a real estate transaction and earn a commission for your services. This includes listing, selling, purchasing, leasing, and renting of real property. A salesperson license is not required to sell or buy your own home.
If you change your employing broker, you must complete a salesperson transfer application. It must be signed by your current responsible broker, who must return your license to the MREC within three days of releasing you. There is a $50 transfer application fee payable to the MREC.