Montana Real Estate Salesperson Exam — All Questions

Which best describes how a person becomes a licensed salesperson in Montana?

• a.No coursework is required if supervised
• b.Passing one exam grants a broker license for life
• c.Complete the required pre-license education, pass the licensing exam, and be licensed under a supervising broker, with continuing education required to renew✓
• d.Join a Realtor board to receive an automatic license

A Montana candidate must complete the required salesperson pre-license education, pass the licensing examination, and become licensed under a supervising broker to be active. Salespersons must also complete continuing education, including any required newly-licensed coursework, to renew. Advancing to a broker license requires additional education and experience.

Montana's prelicense education requirement for a salesperson applicant is:

• a.between 60 and 80 classroom hours, as set by the board✓
• b.a fixed 40 classroom hours in real estate principles
• c.90 classroom hours spread over three separate courses
• d.120 classroom hours, half of them devoted to state law

Montana sets a range rather than a single number: the salesperson applicant must show completion of between 60 and 80 classroom or equivalent hours, as set by the board, in board-approved courses covering real estate principles, real estate law and ethics, real estate finance, and related topics. Cite: Mont. Code Ann. 37-51-302(4)(a)(iv).

To qualify for a Montana broker's license, an applicant must generally show:

• a.one year as a salesperson and 30 extra classroom hours
• b.a passing score on the national broker examination only
• c.five years of licensed practice and a college degree
• d.two years as a salesperson and 60 extra hours✓

Montana's broker applicant must be at least 18, have graduated high school or the equivalent, have been actively engaged as a licensed salesperson for two years or shown equivalent experience, and complete 60 classroom or equivalent hours beyond the salesperson requirement. Cite: Mont. Code Ann. 37-51-302(2).

Regarding the Montana supervising broker endorsement, the board:

• a.charges a separate endorsement renewal fee every year
• b.may not charge a licensing fee to obtain or renew it✓
• c.requires education on top of a broker's total hours
• d.issues it with every Montana broker license automatically

Montana bars the board from charging a licensing fee to obtain or renew a supervising broker endorsement, and bars continuing education for the endorsement from adding to a broker's total required hours. Education and experience standards for the endorsement are set by rule. Cite: Mont. Code Ann. 37-51-302(6).

Before a Montana county clerk and recorder will accept a deed for recording, the parties must:

• a.record an abstract of title prepared by a licensed attorney
• b.get a good-standing certificate from the revenue department
• c.pay a Montana transfer tax of $1.50 per $500 of value
• d.file a realty transfer certificate stating the consideration✓

Montana requires the parties or their agents to complete a realty transfer certificate declaring the consideration paid, and no deed may be accepted for recordation until the clerk and recorder has received it. The certificate also carries the water right ownership update form. Cite: Mont. Code Ann. 15-7-305.