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Board of Realty Regulation

General License Information for Real Estate Broker

YOU MUST PASS THE TEST BEFORE MAKING APPLICATION FOR LICENSURE

In the State of Montana, a person may not engage in or conduct business in the capacity of a real estate broker, until that person has received from the Montana Board of Realty Regulation a license.

--APPLICATIONS--
REAL ESTATE BROKERS MAY BE LICENSED IN MONTANA BY FOUR DIFFERENT METHODS:
(these applications are in PDF format):
Examination
Reciprocity
Waiver
Equivalency

Predetermination

--APPLICATIONS--

 

The following outlines general licensing information for Real Estate Brokers. For specific information on filing an application, you will need to obtain the application, which includes a detailed listing of the requirements.

  1. Licensing Fees:
    $100.00
    $ 35.00 Recovery Account (one time fee if not currently licensed in Montana)

  2. Education Requirements:
    High school graduation or equivalent;
    60 Hours of additional pre-licensing instruction from a school and instructor approved by the Board.

  3. Experience Requirements:

    Two years as a licensed Salesperson
    Completion of the following activity criteria within 3 years of the date of application:
    Minimum of 30 residential real estate transactions, or
    Minimum of 10 commercial, agricultural or farm and ranch real estate transactions.

  4. Exam Information:

    Pass the Montana Real Estate Examination with a score of 80% or better on both the uniform and state portion.

    The Montana Real Estate Broker Examination will be offered as a simulation examination only, beginning September 18, 2006.

    Reciprocity: Reciprocity agreements are in effect with the following states or licensing jurisdictions:

    Alberta, Canada
    Colorado
    Georgia
    Idaho
    Iowa
    Nebraska
    New Mexico
    North Dakota
    Oregon
    South Dakota
    Tennessee
    Utah
    Wyoming

    Equivalency: An application may be submitted to determine if an applicant has equivalent education and/or experience. An applicant must be currently licensed in Montana and file an application for equivalency determination. If equivalency is approved by the Board, the applicant must comlete 60 hours of pre-licensing instruction from a school and instructor approved by the Board and pass the required examinations.

    Waiver of examination and/or education: An application may be submitted to determine if an applicant has a license in another state or jurisdiction with licensing standards substantially equivalent to Montana's requirements. The Board may approve to waive all or part of the required pre-licensing education and/or examination.

  5. Renewal Period:October 31

  6. Renewal Fee: $100.00

  7. Continuing Education Requirements: 12 hours annually

  8. Other Special License Requirements: Must be 18 years of age or older.