Where in MT can I get Errors and Omission Insurance?

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.

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

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

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.

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

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.

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

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.

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.

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.

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.

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.

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.

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

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.