Mississippi Business Broker & M&A Advisor License Requirements
Becoming a licensed business broker or M&A advisor in Mississippi requires meeting specific education, exam, and experience standards. This guide covers every requirement, fee, and regulatory pathway for Mississippi as of 2025–2026.
License Type Required in Mississippi Real estate broker license required. Mississippi business brokers operate under the Real Estate Broker License, regulated by the Mississippi Real Estate Commission (MREC).
Education Requirements
Pre-license (salesperson): 60 hours of approved coursework
Experience Required 1 year as licensed salesperson/broker.
Exam & Licensing Fees
Exam: PSI national + Mississippi state exam
Application fee: $80
License fee: $60
Exam note: Only 1 year experience required for broker — lower bar than most states
Continuing Education 16 hours per 2 years required to maintain active Mississippi broker license. Include mandatory ethics and law topics.
M&A Advisor Requirements in Mississippi Mississippi's economy covers healthcare, agriculture, manufacturing, and gaming. Business brokerage follows standard real estate broker licensing. Mississippi Secretary of State's Business Services Division handles securities oversight. The SEC M&A Broker exemption covers qualifying private company transactions.
Industry Certifications (Optional but Career-Critical)
CBI (Certified Business Intermediary) — International Business Brokers Association (IBBA)
M&AMI (M&A Master Intermediary) — IBBA, for deals $5M+
CMAP (Certified M&A Professional) — AM&AA
Series 79 (Investment Banking Representative) — FINRA, for larger M&A advisory
Series 82 (Private Securities Offerings Representative) — FINRA
How to Get Started as a Business Broker in Mississippi 1. Complete 60 hrs pre-license coursework 2. Pass the PSI national + Mississippi state exam 3. Obtain your Mississippi salesperson/associate license 4. Work under a licensed broker for 1 year as licensed salesperson/broker 5. Complete 120 hrs broker pre-license coursework and pass the broker exam 6. Pursue CBI certification via IBBA to establish market credibility