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Become A Real Estate Agent In Montana
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Montana or anyone looking to become a real estate agent or realtor in Montana. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The Montana Department of Labor & Industry Business Standards Division Board
of Realty Regulation handles the licensing of all real estate agents in Montana.
The requirements for a real estate salesperson license in Montana
include being at least 18 years of age and having a high school diploma or GED.
Applicants need to successfully complete 60 hours of approved pre-licensing educational
courses, and pass the Montana real estate exams with a score of 80% or
better on the national portion, and 70% or better on the state portion. Under
some circumstances the Board may approve waiver of all or part of the required
pre-licensing education and/or examination.
The requirements for a real estate broker license in Montana
include being 18 years of age and having a high school diploma or GED and successfully
completing at least 60-hours of approved additional pre-licensing courses. Applicants
for the broker license need to have actively held a real estate salesperson license
for two years. Within three years of applying for the broker license, the applicant
needs to provide proof of a minimum 30 residential real estate transactions, or
a minimum of 10 commercial, agricultural or farm/ranch real estate transactions.
After completing the educational requirements, the applicant needs to pass the
Montana real estate exams with a score of 80% or better. Under some circumstances
the Board may approve waiver of all or part of either the pre-licensing education
or the examination.
Both real estate brokers and salespersons are required to successfully complete 12 hours
of approved continuing education courses annually.
There are seven
approved schools for real estate agent prelicensing. The applicant can find
both classroom courses and distance education provided.
The real estate examinations in Montana are handled by the AMP Testing Center
and exam fees are paid directly to AMP.
The original license fee for a real estate broker is $200.00 if licensed in an even year
and $100.00 if licensed in an odd year. Applicants pay a one-time Recovery Fee if not currently
licensed in Montana. The original license fee for a real estate salesperson is $175.00 if licensed
in an even year and $87.50 if licensed in an odd year. Salesperson applicants pay a one time $35.00 Recovery Account Fee.
Renewal of real estate agent licenses can be conveniently be done online.
The renewal fee for either an active or inactive broker license is $200.00.
There is a $200 late fee and $1.50 processing fee. The renewal fee for either
an active or inactive real estate salesperson is $175.00. The late renewal fee
for a salesperson is $200.00, plus a $l.50 processing fee. The biennial licenses
expire on December 31st of odd numbered years.
Montana has reciprocity agreements with twelve other jurisdictions (11 states plus Alberta, Canada).
Waiver requirements are available for real estate agents already licensed in these states. They are listed
with the regular application forms.
Salesperson real estate application forms and broker real estate application forms
may be downloaded
for convenience.
Real estate careers are enriched by membership in the many organizations
that provide services for the professional agent. Those holding a real estate
license usually join organizations like the Montana
Association of Realtors, the National Association of Real Estate Brokers (NAREB),
and the Association of Real Estate License Law Officials (ARELLO).
The National Association of Realtors (NAR),
the worlds largest professional association, assists many in locating real estate
jobs within the industry. These organizations are also excellent resources of
real estate education.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
