Are You Thinking About Becoming a Real Estate Agent? Step One is Completing a 70-Hour Prelicensing Course If so, Billings, Great Falls and Missoula offer these classes online or in person.
Assuming you pass the state exam and find a sponsoring brokerage, your next task will be passing the state examination and creating an effective study schedule that fits in with both your lifestyle and learning style.
Education Requirements
As part of your professional journey in Montana as a real estate agent, it is necessary to satisfy state education requirements. These include taking pre-licensing courses and passing the state licensing exam. As a new agent, educational resources and support networks will help guide your licensing journey with precision; this blog post will outline where to find necessary preparation material as well as ways of engaging with a professional network that will offer invaluable support throughout your Montana real estate agent career.
Pre-Licensing Courses
Montana real estate agents who want to become licensed must complete 70 hours of pre-licensing classes before taking their licensing exam. Classes can be taken either in person or online through education providers approved by the Montana Board of Realty Regulation. Many classes are held across Montana while some providers also offer online real estate prelicensing courses that can help candidates study from home.
Cooke Real Estate School provides an online Montana real estate pre-licensing course approved by the state, featuring state-approved materials and textbooks for download. Students can complete it at their own pace while using valuable learning tools like digital flashcards and an examination glossary to reinforce key topics covered on their exam.
Before taking your real estate broker license exam, additional requirements will need to be fulfilled, such as providing fingerprints and paying an application fee of $106. To take the exam itself, which consists of 115 questions divided between national and Montana-specific sections. You can schedule the test via PSI’s website by making an online reservation; first-time users may require creating an account; after that point however, step-by-step instructions make scheduling straightforward.
Once licensed in Montana, real estate professionals must complete 12 hours of continuing education before their renewal deadline. At CE Shop we provide Montana-approved CE courses including everything from 2-Hour Contract Law Course to 2-Hour refresher course for mortgage brokers.
Licensing Requirements
Earning your real estate license in Montana is one of the first steps toward becoming a successful realtor. Candidates must meet certain basic criteria such as being 18 years old with either a high school diploma or GED certificate and successfully completed the mandatory 70 hours of pre-licensing courses approved by Montana Board of Real Estate Regulation before being allowed to take both national and state exams.
PSI offers the licensing exam designed to assess whether or not you possess the skills needed to become a real estate agent in Montana. This exam has both national and state sections that carry pass/fail scores; to pass each section you must score 75% or above and fail any national/state portion, at which point retaking all parts may be necessary; depending on how well prepared you are you may even pass with two attempts!
To schedule the exam, submit an online application via PSI’s website and pay a $106 fee. Choosing an accessible testing center may have an impactful influence on test scores; two forms of ID such as driver’s licenses or passports should also be brought along for identification purposes.
Once you’ve passed both national and state portions of the exam, you must submit a license application through Montana Board of Real Estate Regulation – this can take up to two weeks – then once approved you must find a sponsoring broker before starting your career as a real estate agent!
To help ensure you’re properly prepared for the Montana real estate exam, it’s essential that you establish an ideal study schedule. Selecting an opportunity without distractions that matches with your learning style will lead to the desired results and success on test day. An exam prep package containing digital flashcards, real estate glossary and comprehensive study guides is ideal in making preparation as effective as possible.
Exam Requirements
Montana real estate exams can be considered moderately challenging, and proper preparation is essential to succeeding on them. Along with studying pre-licensing course materials carefully, review state regulations and statutes as well as any professional association guidelines before taking them.
As part of your real estate education provider’s practice exams, taking practice exams can help you understand how the exam works and determine if you’re ready to apply for licensing. When ready, make a reservation through PSI Services for an exam date – on test day bring two forms of identification as proof of identity, such as government issued photo ID.
On the exam, you will be asked 80 national questions as well as 33 Montana-specific ones. You have 3.5 hours to complete it all – each question will vary in subject matter so as to prevent you being tested on one topic for too long. Be prepared for questions related to mortgages, zoning/land use issues, property taxes, real estate law ethics and trust accounts among other topics.
Be ready for some math questions on the exam as well, such as those related to return on investment, equity and loan-to-value that may require more time for resolution than others. However, studying will increase your odds of passing first time around.
As part of your exam preparations, it’s essential that you create a study schedule tailored specifically to your schedule and learning style. This will ensure you’re well-prepared and don’t run out of time on test day. Furthermore, staying rested and alert on exam day can help ensure maximum retention and focus – otherwise information may slip through and become difficult to remember or focus on.
Once you pass the state real estate exam, you can submit your license application through MBRR website. As part of your license application you’ll need to present evidence that you’ve completed all 70 hours of pre-licensing education, as well as have your sponsoring broker sign off on section 5 of your application form to vouch for having done a background check on you.
Career Opportunities
Real estate can provide an exciting career path, enabling individuals to experience various activities like meeting clients, exploring properties and analyzing market trends. But getting into real estate requires dedication and commitment – there are numerous steps involved before becoming a licensed Montana agent such as pre-licensing courses, state exams and broker affiliation requirements to follow before being given an active license to work in Montana. With sufficient study and preparation however, obtaining active licensure should only take between three to six months or less!
Aspiring real estate agents should ensure they comply with Montana Board of Realty Regulation’s (BRR) licensing requirements to become licensed agents in Montana. This includes taking and passing all relevant courses and exams such as the 70-hour pre-licensing course and state exam (113 questions which must be answered correctly for passing). Furthermore, background checks will need to be completed prior to submitting their license application.
Once all necessary steps have been completed, prospective real estate professionals can look forward to a lucrative earning potential. On average in Montana, real estate agents typically make between $35,000 and $145,000 annually with top agents earning considerably more. Bozeman and Missoula markets provide prime opportunities to generate additional earnings beyond this average income range.
Working in real estate can provide individuals with considerable financial rewards as well as immense personal satisfaction. Individuals with a passion for helping others will discover that their skills fit perfectly within this industry.
Real estate professionals aspiring to join the profession can also benefit from having access to comprehensive educational resources and a supportive professional network. Some of the leading real estate schools provide comprehensive exam prep courses while the Montana Association of Realtors(r) acts as an essential hub for agents seeking assistance from fellow agents.
Are You Looking to Start Your Real Estate Career in Montana? Weichert is currently seeking talented individuals in this state who wish to join their team. Candidates must meet state licensure requirements as well as pledge their dedication towards building a thriving real estate business using Weichert’s lead generation strategies. Additionally, motivated sales people with experience who possess an ambition for success in this dynamic sector would also be encouraged to apply.