Montana Frequently Ask Questions Real Estate License

Montana Frequently Ask Questions Real Estate License

On this page you will find a full list of frequently asked questions about how to get your Montana real estate license, the Montana real estate salesperson course, how to prepare for the MT state exam, how to renew your MT real estate license, and general real estate profession questions.

About the 70-Hour Montana Real Estate Salesperson Pre-License Course

All salespersons candidates must take 70 hours of pre-licensing education from a state-approved course provider. The pre-license course must include the topics outlined in Rule 24.210.660.

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You are required to take a 70-hour pre-license course on general real estate practice, law and ethics, and related topics. The course must be from an approved course provider.

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You can take the 70-hour Montana pre-license real estate course as an in-person course or through remote learning. An online course is the fastest and most convenient way to meet the education requirement.

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Yes, you may take the 70-hour Montana pre-license course through online learning. You must take the course through an approved education provider.

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The Montana Board of Realty Regulation does not stipulate you have to be out of high school to take the course. Check with the individual course providers if they have age and education requirements.

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Montana does exempt practicing attorneys or recognize law degree credits for pre-license education. You'll need to take the 70-hour pre-license course.

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Sorry, but Montana does not recognize college credits for the pre-license education requirement. You'll need to take the 70-hour pre-license course.

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Yes, the course will require you to take a comprehensive final exam on the course material. You'll need to pass the course to receive the necessary course completion certificate.

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To earn the course completion certificate, you'll need to work through all the units in your pre-license course successfully. The end of the course has a comprehensive final exam you must pass. Your course provider will inform you about the nature of the test.

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Your course administrator will provide you with information about the different exams and the comprehensive final questions.

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RealEstateU students will access a downloadable course completion certificate in their account after passing the final exam. All you need to do is log in.

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Refer to this list of state-approved course providers. Remember that online courses are the most flexible and typically more affordable than in-person classes.

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You must provide your official course completion certificate from your course provider. Without it, you won't be approved for a license.

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No. It's your responsibility to keep your official course completion certificate and submit it with your license application.

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Once you have passed the course final exam, your course completion certificate is valid for two years.

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Applying for a Montana Real Estate License

To apply for your license, you must be at least 18 years of age and have received credit for completing two years of a full curriculum of study at an accredited high school or its equivalent. Next, you'll need to take 70 hours of pre-licensing education, pass the licensing exam, and be hired by a licensed MT broker.

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You can decide to apply online or with a paper application. An online application will be faster to process.

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Yes, Montana does have an online application process. You do have a paper application option.

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The Montana salesperson license application costs $150. Online applications can pay with a credit card. Paper applications can be paid with a check or money order.

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The documents that must be included are: ● Your pre-licensing education completion certificate ● Official score exam results ● Any official license verification from states or jurisdictions where you held a license ● Additional documentation as noted to any "yes" answers to the application discipline questions

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It is a good idea to file your license application as soon as an endorsed Montana broker has hired you and purchased E&O insurance. You have one year from passing your exam to apply. The quicker you file, the sooner you can start your real estate career.

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No. Your real estate salesperson application requires verification from a Montana licensed and supervision-endorsed broker.

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An active license means you are certified to work as a real estate agent, perform real estate brokerage activities, and be compensated for your work. If you have an inactive license, you cannot engage in any real estate brokerage activities or earn any commission for your work.

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You can receive an inactive Montana license by requesting your license be placed on inactive status. You must still renew each renewal period. You don't need to report your continuing education until you return to active status.

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You receive an active real estate license by meeting all the licensing requirements. That includes working on the supervision of an endorsed real estate broker and maintaining your continuing education hours.

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You need to fill out a status change form and prove you have met the current continuing education requirements. When you change from inactive to active, the fee is $75.

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A salesperson is about to engage in marketing to the public and representing interests in real estate. An endorsed broker can hire employees to work under them.

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You can run a license search through the Montana Department of Labor & Industry. The Board of Realty Regulation will email you when your license is approved.

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You can print a paper copy by logging into the Montana Department of Labor & Industry license portal.

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The MBRR offers a group professional policy through Rice Insurance Services Company that costs as low as $168. You can purchase professional liability coverage from an independent carrier as long as your coverage meets the state requirements. You need to provide proof of coverage with your application.

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Disclosing Prior Criminal Activity in Montana

A criminal conviction may not automatically bar you from receiving a license. The Board reviews your background information for honesty and trustworthiness. Consult the Board or program website for more information about how a criminal conviction may impact your application.

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Prior criminal activity is disclosed in question 10 of the license application. The application will want supporting documentation if you answer "yes" to any questions.

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Getting Fingerprinted in Montana

Montana does not have a fingerprint or background check requirement for your salesperson license. You will need to answer questions about your background in the license application.

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How to Get a Montana Real Estate License

You must complete the following steps to earn your MT Salesperson's license: 1) Complete the 70-Hour MT Pre-license Salesperson Course 2) Pass the MT salesperson state exam 3) Be hired by a licensed supervising broker 4) Obtain Errors & Omissions insurance 5) Submit a salesperson license application

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Earning your Montana real estate salesperson license can cost as little as $673. The associated costs are spread out over the licensing process and not paid all upfront.

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Earn your MT salesperson license in approx. 3 months. 1. Complete the 70-hour pre-license course online: 2-4 weeks. 2. Schedule and pass the MT state exam: 1-3 weeks. 3. Be hired by an endorsed broker: 1-3 months. 4. Purchase E&O insurance: 1 day. 5. Apply for your license. A time estimate is not available.

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You will take quizzes and a final exam during your 70-hour post-license course. After that, you must pass the 111-question state licensing exam.

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Yes, Montana does offer an online application process for the salesperson license. You can submit a paper application as an alternative.

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Montana License Qualifications / Requirements

Before you qualify for a Montana real estate license, you must be at least 18 years of age.

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No, but you must have received credit for completing two years of a full curriculum of study at an accredited high school or its equivalent.

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Yes, you can earn a Montana real estate license if you do not live in the state.

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Find laws and regulations in The Montana Code Annotated 2021, Title 70, Property, and Title 37, Chapter 51. In addition, you can see the Administrative Rules of Montana 24.210: Board of Realty Regulation.

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Montana Real Estate License Renewal

All renewals are done online through the Montana Department of Labor and Industry licensing portal. You'll need to register for an account.

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The active license renewal license fee is $150. An inactive renewal fee is $75.

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You will need to renew your Montana real estate salesperson license every year by October 31. The renewal portal opens 60 days before.

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All active licensees are required to complete a minimum of 12 hours of continuing real estate education each year. An approved provider must teach all courses.

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You don't need to maintain continuing education, but you will need to meet the requirement before reactivating your license. The inactive license renewal fee is $75.

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All active licensees are required to complete a minimum of 12 hours of continuing real estate education each year. An approved provider must teach all courses.

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You must go online to the Montana real estate licensing portal to initiate the renewal process.

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License renewals open 60 days before the expiration date. You will receive an email from the Montana Board of Realty Regulation when it's time to renew your license. Renewals are done online through the licensing portal.

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Failure to renew on time will cause your license to be considered expired. To reinstate, you will be charged the renewal fee and the late fee of $50.

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The reinstatement of a suspended license costs $50. You'll also need to show proof of your continuing education hours.

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Montana Real Estate Profession Questions

A Montana real estate salesperson license legally enables you to earn a commission or other compensation, or the expectation of a commission, for representing sellers and buyers in the selling, purchasing, listing, exchange, or leasing any real property, real estate improvement, or timeshare.

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A real estate salesperson license is required anytime you want to represent or advertise to the public in the state of Montana or when dealing with any real estate interest in the state.

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You'll need a change of broker form. The supervising broker transfer fee, when done by mail, is $40. If submitted online through the licensing portal, it has no fee.

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Montana Reciprocity and Out-of-State Licensees

Montana doesn't have an official reciprocity agreement with our states. Out-of-state licensees can submit an application with an official license verification from the jurisdiction you hold a license.

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Submit an application with an official license verification from the jurisdiction you hold a license. You will need to take the Montana state portion of the exam. You'll also need a pre-licensing education.

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You need to follow the same steps as a Montana residence. That includes the 70-hour pre-license education, passing the exam, and submitting the license application.

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RealEstateU Questions in Montana

Yes, RealEstateU is a recently approved pre-license course provider. We offer a flexible 70-hour course for $249.

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Scheduling Your Montana Real Estate Licensing Exam

While you won't need proof of education to schedule the exam or take the test, the course will prepare you to successfully pass the exam and start your real estate career. You'll also need the pre-license course certificate for your application.

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Your course completion certificate is valid for two years. You'll need to submit your real estate license application within that time frame, so ideally, you would take the exam soon after finishing the course. The earlier you take the test, the fresher the information will be in your mind.

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PSI recommends online scheduling as the most convenient way to schedule your state licensing exam. Go online to www.psiexams.com and create an account. You can also use telephone scheduling by calling 855-898-0716.

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The Montana state licensing exam fee is $106. The fee is nonrefundable.

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You will directly pay PSI, the state's exam provider, using a credit card. PSI accepts Visa, Mastercard, American Express, or Discover cards. You can also mail a check, money order, or cashier's check. Payment must be received in advance of the exam.

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Registration can be done in under an hour. All you need to do is set up an account online at www.psiexams.com.

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PSI test centers are available in Billings, Helena, Kalispell, and Missoula. Go online to find specific addresses or look at the Candidate Information Handbook.

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Yes. Out-of-state license holders seeking a Montana salesperson license need to take the state portion of the Montana licensing exam.

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If you need to make a change to your salesperson exam appointment, it must be done 48 hours in advance. Otherwise, you will lose your registration fee. Changes can be done by logging into your account or by calling 855-898-0716.

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Taking the Montana Real Estate Licensing Exam

The Montana Salesperson Pre-licensure Exam consists of two sections. The National section will ask 80 multiple-choice questions. You must answer 56 correctly to pass. The State section will ask 33 multiple-choice questions, and you must answer 23 correctly to pass.

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You will be tested on national and state real estate-related content. Topics include property ownership, land use controls, financing, market analysis, property disclosures, and contracts. State-specific questions ask about the MBRR, licensing, regulatory requirements, statutes on licensees, and state-specific projects

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You will be provided with an online calculator. Only non-programmable calculators that are silent, battery-operated, non-alphabetic, and paper tape printing.

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You will need to bring (2) forms of identification. One must be state or federal government-issued, like a driver's license or passport. The secondary form can be another primary ID or something which contains your signature, like a credit or debit card.

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PSI can accommodate testing modifications per the ADA. Anyone requesting accommodations must go online to PSI to make an accommodations request. Be ready to submit documentation from a medical authority or specialist about your limitations.

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Only approved items are allowed in the testing center. Personal belongings must be placed in the provided secure storage. No food, drink, smoking, or gum is allowed in the exam room. See the Candidate Bulletin for a complete list of prohibited items.

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Yes, you can take the exam without being hired by a licensed Montana broker. You will need to be hired before submitting your license application.

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Your passing score is good for one year. You'll need to finish the licensing process before the score report expires.

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Congratulations on passing the Montana real estate exam. Your next steps are: ● Be hired by a Montana broker with a supervision endorsement. ● Purchase errors and omissions insurance ● Turn in the real estate salesperson application Once you complete these steps, you'll be a licensed real estate professional.

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You are required to submit an official passing exam report from the salesperson exam with your license application.

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Montana's Board of Realty Regulation does not indicate a limit to the number of times you can take the licensing exam. You will need to pass it within two years of taking your pre-license course, or that course completion certificate will expire.

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You'll know how you did on the Montana salesperson licensing exam immediately after finishing the test. The test center will supply you with an official score report.

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Yes, you can take the state licensing exam again. Make sure you pass it within two years of your course completion certificate date. You'll pay the same exam fee.

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Follow the same registration process as you did to initially sign up for the exam. Go to www.psiexams.com or call (855) 898-0716.

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