[SEC. 81-19-37]. Definitions.

(1) Upon passing the Mississippi salesperson's examination and complying with all other conditions for licensure, a temporary license shall be issued to the applicant. The fee for the temporary license shall also be the same for the permanent license as provided in Section 73-35-17. A temporary license shall be valid for a period of one (1) year following the first day of the month after its issuance. An applicant for the Mississippi broker's license who has not held an active real estate salesperson's license for a period of at least twelve (12) months immediately prior to submitting an application shall also be subject to the requirements under this section, including temporary licensure and completion of a thirty-hour post-license course.

(2) The holder of a temporary license shall not be issued a permanent license until he has satisfactorily completed a thirty-hour post-license course prescribed by the commission and offered by providers specifically certified by the commission to offer this mandated post-license education. The holder of a temporary license shall complete the entire thirty-hour course within twelve (12) months of issuance of his temporary license; otherwise his temporary license shall automatically be placed on inactive status by the Mississippi Real Estate Commission. If the holder of the temporary license does not complete the course and have his permanent license issued within one (1) year following the first day of the month after its issuance, the temporary license shall automatically expire and lapse. A temporary license in not subject to renewal procedures in this chapter and may not be renewed.

(3) The thirty-hour post-license course shall be offered by providers certified and approved by the commission, and an annual certification fee of One Thousand Dollars ($1,000.00) shall be charged to providers. The thirty-hour post-license course work shall be offered in no less than fifteen-hour increments of classroom instruction. No more than eight (8) hours may be earned in a single day. The commission shall determine standards for approval of post-license courses and course providers, and shall require certification of such course work of the applicant. A minimum of twenty-four (24) hours of the thirty-hour course work shall be in the following subjects: agency relationships, contracts, earnest money, antitrust, fair housing, ethics, and property condition disclosure. The remaining six (6) hours shall be in subjects intended to enhance the competency of licensees in representing consumers, and may include the following subject: pricing property, environmental issues, home inspections, leases and property management, and mortgage processes.

(4) The holder of an active license who has satisfactorily completed the post-license course and whose permanent license has been issued shall not be subject to the twenty-hour continuing education requirement in this chapter for the first renewal of his permanent license.

SOURCES: Laws, 1999, ch. 505, § 2, HB1128, eff. July 1, 1999.