How to Become a Real Estate Agent in Montana

Planning to start a career as a real estate agent? To get your real estate license, you will need to take classes at a real estate school, and satisfy all the requirements set forth by the Montana Board of Realty Regulation.

Here's what you need to know to become a real estate agent in Montana:

1) Licensing Requirements

2) Duties of a Real Estate Agent

3) What is a REALTOR®?

4) Income Potential

5) Real Estate Schools

 

How to Become a Real Estate Agent in Montana

1) Real Estate Agent Licensing Requirements

In Montana,  real estate agents MUST be licensed by the Montana Board of Realty Regulation.  To obtain your real estate license, you must:

  1. Satisfy the minimum requirements to apply for the real estate exam:
  1. Apply to take the State exam. 
  2. Pass the exam.  80% on uniform portion, 70% on state.
  3. Pay the appropriate fees.
  4. Apply for Real Estate License.  Include school transcripts, pre-license course certificate, single photo of applicant, and 5 yr employment history.

Newly licensed agents must work under the supervision of an employing (sponsoring) real estate broker.  Most new agents start out by working for one of the large brokerages like Coldwell-Banker, Century-21, Remax, etc. If you would like to have your own business and work for yourself, you must upgrade to a broker's license.

 

2) Duties of Real Estate Agents

A real estate agent's main job is to assist their clients in the process of buying and selling real estate.

Their list of duties include:

 

3) What is a REALTOR®?

A real estate agent becomes a REALTOR® when he or she pays an annual fee to be a member of the National Association of REALTORS® and subscribes to its Code of Ethics.

The agent generally joins through the local board or association.

For example, in Billings, once you have obtained your real estate license, you may pay a fee to join the Billings Association of REALTORS®.  This also makes you a member of the Montana Association of REALTORS®  and the National Association of REALTORS®.

All REALTORS® are real estate agents but not all real estate agents are REALTORS®.

 

4) Income Potential

Real estate agents are generally paid based on a percentage of the sales price. The seller will generally pay 4-6% of the sales price as the fee and that will be split 50/50 between the seller and buyer's broker.

For example, if the fee for a $100,000 house is 6%, the buyer's broker will be paid 3% or $3000 and the seller's broker will be paid 3% or $3000 as well.   The agent is paid by his or her broker, according to their previously agreed-upon commission split.  This is often 50/50 for beginning agents, so in that case the agent in our example would receive $1500. 

 

5) Real Estate Schools

Here are some Board-approved real estate schools offering the pre-licensing courses for the state of Montana:

Flathead Valley Community College
777 Grandview Drive
Kalispell, MT 59901
(406)756-3840
 

Connole/Morton Real Estate School of Billings and Missoula
415 N. Higgins
Missoula, MT 59802-4522
Tel: 543-3269 or 1-800-845-7491

Carroll College
Beth Wilson
Benton Avenue
Helena, MT 59625
Tel: 447-5445 or 447-4300

MCPS Adult & Continuing Education Division
Dickenson Lifelong Learning Center
310 S. Curtis
Missoula, MT 59801
Tel: 406-549-8765
 

Twilite Technology Center, L.L.C.
207 Smelter Avenue N.E., Suite 7
Great Falls MT 59405
Tel: 406-761-7446
 

America's Best - Distance Learning
Susan Davis
americas-best.net
(888) 910-5452