How do I get a Montana real estate license?
Requirements to obtain a Montana real estate salesperson license include:
- Completing 70 hours of required Pre-Licensing education either online or in person
- Passing a final course exam
- Registering and passing your Montana state licensing exam.
- Submitting your fingerprints for a background check.
- Being sponsored by a Montana real estate broker.
- Applying for the Montana real estate salesperson license and paying all applicable fees
How long does it take to get a Montana real estate license?
There are two main parts to getting your license: completing your pre-licensing education, and passing your licensing exam. The time it takes to get your Montana real estate license can vary depending on how quickly you move through each. Most people take a few months to complete the education portion, but students who are able to put in 40 hours a week can finish in as little as two weeks. You’ll also want to give yourself enough time to study for the exam, which will vary from person to person.
Where do I go to take my Montana real estate license exam?
The Montana real estate exam is administered by a third-party testing company called PSI. You can schedule your exam online through their website, and there are testing centers located throughout Montana. Be sure to schedule the exam ahead of time, as desirable test dates may fill up fast. Locations include Billings, Great Falls, and Missoula.
How much does it cost to get a Montana real estate license?
The cost of getting a Montana real estate license will vary depending on the school where you complete your pre-licensing education. Compared to most college courses, licensing courses are budget-friendly, typically running a few hundred dollars. There are also a few fixed costs you’ll want to factor in, including a $106 fee to take the exam, as well as an $80 fee to apply for your license.
Do you need to have a diploma or GED to get your Montana real estate license?
No, you do not need to have a diploma or GED to get your Montana real estate license. However, you must be at least 18 years old and meet a few other eligibility requirements which can be found on Montana’s Board of Realty Regulation page.
How much Continuing Education do I need as a Montana real estate licensee?
Montana real estate licensees are required to complete 12 hours of continuing education every year to maintain their license. The renewal date is October 31st of each year.
What is the average salary for a Montana real estate agent?
The average salary for a Montana real estate agent can vary depending on factors such as experience, location, and sales volume. According to Indeed.com, the average salary for a Montana real estate agent is around $85,000 per year.*
*April 2023 Salary Data
Can a felon get a Montana real estate license?
Yes, felons can become licensed real estate agents in Montana. The Montana Board of Realty Regulation considers each application for licensure on a case-by-case basis. On your application, you will be required to provide additional information around the convictions and your request will be reviewed by the commission.
