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Bill > HB956


MS HB956

MS HB956
Real estate brokers; extend repealer on maximum license fees charged by MS Real Estate Commission.


summary

Introduced
01/17/2025
In Committee
02/17/2025
Crossed Over
01/28/2025
Passed
Dead
03/12/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Section 73-35-17, Mississippi Code Of 1972, To Extend The Date Of The Repealer On The Provisions Of Law Prescribing Maximum Fees That May Be Charged For A Real Estate Broker's License By The Mississippi Real Estate Commission; And For Related Purposes.

AI Summary

This bill extends the sunset (expiration) date for maximum license fees that can be charged by the Mississippi Real Estate Commission from July 1, 2025, to July 1, 2028. The bill maintains existing provisions that set maximum fees for various real estate licensing activities, such as initial broker and salesperson licenses (up to $100), partner or corporate licenses (up to $75), annual renewals (up to $75 for brokers and $60 for salespersons), and other administrative fees like duplicate licenses, office changes, and continuing education course reviews. The legislation essentially preserves the current fee structure for the Mississippi Real Estate Commission for an additional three years, ensuring the commission can continue to collect reasonable fees for licensing and administrative services related to real estate professionals. The bill will take effect on July 1, 2025, and provides the commission continued flexibility to set fees within the specified maximum limits.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Died On Calendar (on 03/12/2025)

bill text


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