Online Realtor License Montana Feature Image

Online Realtor License Montana

/ Realtor Online Schools / By

Looking for schools in a specific city? Check out our lists of Online Realtor Schools in Billings and Missoula.

If you’re interested in securing an Online Realtor License in Montana, you’re not alone—many professionals are eyeing the state’s growing real estate market.

The housing market in Montana is booming due to its rapid population growth, making it a lucrative field for aspiring real estate agents. It’s understandable to feel overwhelmed by the licensing process, but don’t worry.

Our team has put together an easy-to-follow guide to help you through every step:

  • Benefits of obtaining an Online Realtor License in Montana
  • Detailed requirements and criteria you need to meet
  • Step-by-step instructions to make the process smooth
Table of Contents

Why Get a Realtor License in Montana?

The real estate market in Montana offers tremendous opportunities for growth and success. With the state’s scenic landscapes, booming local economies, and increasing population, becoming a licensed Realtor can open numerous professional avenues for you.

Career Opportunities and Earnings

Montana’s real estate market has been thriving over the past decade. According to data from the Bureau of Labor Statistics, the median salary for real estate agents in the state is over $50,000. Since Montana is experiencing one of the highest population growth rates in the country, the demand for housing—and thus, real estate services—is steadily climbing. This surge provides you with unparalleled opportunities to venture into a potentially lucrative career.

Increased Credibility and Resources

Obtaining your Realtor license not only enhances your credibility but also gives you access to a wealth of industry-specific resources. As a licensed professional, you’ll have membership options with organizations like the National Association of Realtors (NAR), which provide educational resources, networking opportunities, and the latest market insights. These resources can help you stay competitive and informed, ensuring you offer the best services to your clients.

Personal and Professional Growth

Engaging with clients, negotiating deals, and handling transactions can significantly improve your communication and negotiation skills. Working in the fast-paced real estate industry also fosters a deeper understanding of the local market, which is invaluable whether you’re assisting buyers in finding their dream home or helping sellers get the best price for their property.

Montana Real Estate License Requirements

Before you can embark on your journey as a licensed Realtor in Montana, you need to meet specific criteria and fulfill certain requirements.

Age and Educational Prerequisites

To qualify, you must:

  • Be at least 18 years old: This is the minimum age requirement to start your real estate career in Montana.
  • Have a high school diploma or equivalent: Ensuring you meet this fundamental educational prerequisite is essential before you proceed with other licensing steps.

Pre-Licensing Education

Montana mandates that you complete 70 hours of approved real estate pre-licensing education. These courses are crucial as they cover various topics, including real estate law, contracts, and agency relationships. Importantly, you must complete this coursework within 24 months before you apply for your license.

Background Check

A thorough background check is required to ensure that you do not have any criminal history that might impede your ability to be bonded. This is a key step in demonstrating your integrity and reliability as a future Realtor.

Licensing Examination

Passing the Montana Real Estate Salesperson Examination is a critical milestone in your licensing journey. The exam assesses your knowledge of both state-specific and national real estate principles. Ensure you take this exam within 12 months of applying for your license.

Broker Sponsorship and Insurance

  • Broker Sponsorship: You need to secure employment or a contract with a licensed broker who has a supervising broker endorsement. This relationship provides you with essential mentorship and oversight.
  • Insurance: You must provide proof of Professional Liability and Errors & Omissions Insurance before obtaining your license. This insurance is vital as it offers protection against potential lawsuits arising from your professional practices.

Steps to Obtain Your Montana Realtor License Online

Complete Montana Pre-Licensing Coursework Online

To begin, enroll in a Montana Board of Realty Regulation (BRR) approved course. Online schools like Real Estate Express and The CE Shop offer the 70-hour coursework required. These courses cover essential topics that will equip you for your future career.

Pass Your Final Exam

Upon completing the coursework, you need to pass a final exam with a minimum score of 70%. Successfully passing this exam earns you a certificate of completion, a prerequisite for taking the state licensing examination.

Prepare for the Montana Licensing Exam

The Montana Real Estate Licensing Exam is challenging, consisting of two parts: a national portion with 80 questions and a state-specific portion with 33 questions. The test is administered by PSI, a well-known testing organization.

Tips for Exam Preparation

  • Interactive Flashcards and Practice Tests: Engage with resources like interactive flashcards and dynamic practice tests from institutions like PSI to get familiar with the exam format.
  • Study Guides: Utilize comprehensive study materials from providers like Kaplan Real Estate Education, which include all critical topics and state-specific content.
  • Regular Practice: Regularly take practice exams to improve your retention and understanding of the material.

Choosing the right educational institution is crucial. Here are some top recommendations:

Colibri Real Estate

Colibri Real Estate offers comprehensive packages starting from under $300. Their courses effectively combine textbook knowledge with real-world practical scenarios. This balance helps in understanding complex concepts and applying them successfully in your future career.

360 Training

360 Training provides user-friendly courses tailored for all levels. Their offerings range from basic to premium packages that include additional training such as National Salesperson Exam Prep and advanced communication skills.

The CE Shop

The CE Shop is praised for its structured practice exams and insightful study materials. They offer a free initial assessment to tailor your study needs, ensuring you get the most from your educational experience.

Kaplan Real Estate Education

Kaplan Real Estate Education is known for its high pass rates. They offer a variety of educational resources, from video lectures to live review sessions. Although their courses tend to be pricier, the investment often pays off in terms of quality education and preparation.

By carefully selecting your educational provider, you set a strong foundation for your career in real estate. Each of these schools offers something unique, helping you find the perfect fit based on your learning style and budget.

Tips for Passing the Montana Real Estate Licensing Exam

Passing the Montana Real Estate Licensing Exam is crucial in your quest to become a licensed Realtor. Here are useful strategies and tips to help you succeed:

Utilize PSIs Real Estate Exam Prep

PSI offers a range of preparatory resources designed to help you familiarize yourself with the exam format and types of questions.

  • Interactive Flashcards: Engage with flashcards to retain key concepts.
  • Practice Tests: Regularly take these to gauge your preparedness and identify areas needing improvement.

Leverage Comprehensive Study Guides

Study guides are invaluable tools in your exam preparation.

  • Kaplan Real Estate Education: Their study materials cover critical areas of the exam comprehensively. The guides are structured to facilitate easy understanding and retention.

Regular Practice

Practice exams help you get used to the exam environment and time constraints, boosting your confidence and improving your performance.

  • Practice Quizzes: Use quizzes from The CE Shop to test your understanding and get instant feedback.

Join Study Groups

Participating in study groups provides a collaborative environment where you can exchange knowledge and strategies with peers.

  • Online Forums: Websites like Reddit have communities dedicated to real estate exam preparation. Joining these can offer additional support and resources.

Continuing Education and License Renewal in Montana

Staying informed about continuing education requirements and the renewal process is vital to maintaining your Realtor license in Montana.

Annual Continuing Education Requirements

Montana mandates that real estate agents complete 12 hours of continuing education each year by October 31.

  • Core Topics: Typically include updates on real estate laws, ethical practices, and market trends.

Course Providers

Online providers such as The CE Shop and Real Estate Express offer convenient options for fulfilling these requirements.

  • Flexibility: Online courses allow you to complete your education at your own pace and on your schedule.

License Renewal Process

You can renew your license online via the Montana eBiz website. The renewal fee is $80.

  • Documentation: Ensure you keep records of your completed continuing education courses as proof for renewal.

Common FAQs About Online Realtor Licensing in Montana

Understanding the intricacies of the licensing process can help clear any doubts you might have. Here are some frequently asked questions:

What are the costs associated with getting a real estate license in Montana?

The main costs include:

  • Pre-licensing coursework: Typically ranges from $200-$400.
  • Application fee: $80.
  • Exam fee: $106.

Can I take the licensing exam online?

No, you must take the Montana Real Estate Licensing Exam in person at an approved PSI testing center.

What is the pass rate for the Montana real estate exam?

Pass rates improve significantly with the use of comprehensive study guides and practice tests from providers like Kaplan and The CE Shop.

How long does it take to get licensed?

On average, it takes 3-6 months to complete the required coursework, pass the exam, and process the application.

Looking for more Real Estate information? Check out our real estate practice tests, find real estate schools near you, learn how to become a realtor, explore options for a realtor license, and see our picks for the best real estate schools.

Looking for Online Realtor License Information On States Bordering Montana?

In addition to Montana, we suggest looking for online schools in nearby states.

Conclusion: Take Your First Step Towards a Real Estate Career in Montana

Obtaining your Realtor license in Montana can be a rewarding career move, filled with opportunities for growth and success. From detailed requirements to choosing the right educational resources, understanding the licensing process is the first step towards your new professional journey. Take the first step towards a real estate career: Realtor License Montana

Scroll to Top