MONTANA BROKERS LICENSING REQUIREMENTS:

- Must be at least 18 years of age.

- Must provide evidence of graduation from an accredited high school or equivalent.

- Must have completed a Montana approved 60 hour pre-licensing education course within the last 18 months from a school and instructor approved by the Board.

- Must have passed the Montana Broker Real Estate Examination with a score of 80% on the uniform portion and 80% on the state portion within the last 12 months.

- Must have two years experience as a licensed salesperson.

- Must have completed the following required 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 & ranch real estate transactions.

                        One point for each year of real estate brokerage supervisory experience-maximum of 3 points

                        One point for each licensed real estate full time equivalent (FTE) supervised within the last 36 months, maximum of 10 points

                        One point for every five transactions supervised in the last 36 months, maximum of 15 points

                        One point for each instructor day (maximum of six hour) within the last 36 months, maximum of ten points.

 

 APPLICATION PROCEDURES AND SUPPORTING DOCUMENTS: The following information and/or documentation are required. A license will not be issued until all materials are received and approved.

1.      Completed application form and fees.

2.      Completed activity sheet(s). The activity sheets supplied by the board must be used. Additional copies can be made as needed. No other form or computer printout will be accepted.

3.      A copy of a high school diploma, transcript, G.E.D. certificate, or college diploma or transcript or military discharge papers.

4.      Proof of 60 hours of approved real estate broker pre-licensing education taken within the last 18 months. Submit a copy of the completion certificate.

5.      Proof of passing the AMP Broker exam. Submit copy of exam results taken within the last 12 months.

6.      A license history from any licensing jurisdiction in which a current real estate license is or has been previously issued.

7.      A 2x2 photo attached to the application form in the space provided. The AMP exam photo is acceptable.

TRANSACTIONS: RESIDENTIAL – The following must be provided by the Supervising Broker. Make copies of this form as needed.

Please refer to ARM 24.210.611, for additional clarification of qualifications to obtain a broker license.

·         TRANSACTIONS MUST HAVE CLOSED WITHIN THE PAST THIRTY-SIX (36) MONTHS

·         LICENSEE MUST HAVE OBTAINED AND WORKED WITH THE BUYER OR SELLER OR BOTH (COUNTS AS TWO TRANSACTIONS, IF BOTH)

·         CO-LISTINGS AND TEAM TRANSACTIONS ARE GIVEN ½ CREDIT

·         TRANSACTIONS OF THE APPLICANT AS AN EMPLOYEE, TRANSACTIONS IN WHICH THE APPLICANT IS A PRINCIPAL, AND MORTGAGE BROKER ACTIVITIES CAN NOT BE USED TO QUALIFY FOR A BROKER LICENSE

·         A MAXIMUM OF FIVE (5) RESIDENTIAL LEASES ARE ELIGIBLE TO BE COUNTED AS CLOSED TRANSACTIONS

·         FORM MUST BE COMPLETE AND BE TYPED OR PRINTED AND LEGIBLE

·         IF MULTIPLE TRANSACTIONS FOR THE SAME SELLER OR BUYER, PLEASE EXPLAIN AND INDICATE ANY OWNERSHIP INTEREST OF APPLICANT

·         TRANSACTIONS MUST HAVE CLOSED WITHIN THE PAST THIRTY-SIX (36) MONTHS

·         LICENSEE MUST HAVE OBTAINED AND WORKED WITH THE BUYER OR SELLER OR BOTH (COUNTS AS TWO TRANSACTIONS, IF BOTH)

·         CO-LISTINGS AND TEAM TRANSACTIONS ARE GIVEN ½ CREDIT

·         A MAXIMUM OF TWO (2) COMMERCIAL LEASES ARE ELIGIBLE TO BE COUNTED AS CLOSED TRANSACTIONS

·         AGRICULTURAL/FARM & RANCH MUST BE A MINIMUM OF 30 ACRES TO QUALIFY

·         TRANSACTIONS OF THE APPLICANT AS AN EMPLOYEE, TRANSACTIONS IN WHICH THE APPLICANT IS A PRINCIPAL, AND MORTGAGE BROKER ACTIVITIES CAN NOT BE USED TO0 QUALIFY FOR A BROKER LICENSE

·         FORM MUST BE COMPLETE AND BE TYPED OR PRINTED AND LEGIBLE

·         IF MULTIPLE TRANSACTIONS FOR THE SAME SELLER OR BUYER, PLEASE EXPLAIN AND INDICATE ANY OWNERSHIP INTEREST OF APPLICANT

TRANSACTIONS: VACANT LAND – The following must be provided by the Supervising Broker. Make copies of this form as needed.

Please refer to ARM 24.210.611, for additional clarification of qualifications to obtain a broker license.

·         TRANSACTIONS MUST HAVE CLOSED WITHIN THE PAST THIRTY-SIX (36) MONTHS

·         LICENSEE MUST HAVE OBTAINED AND WORKED WITH THE BUYER OR SELLER OR BOTH (COUNTS AS TWO TRANSACTIONS, IF BOTH)

·         CO-LISTINGS AND TEAM TRANSACTIONS ARE GIVEN ½ CREDIT

·         TRANSACTIONS OF THE APPLICANT AS AN EMPLOYEE, TRANSACTIONS IN WHICH THE APPLICANT IS A PRINCIPAL, AND MORTGAGE BROKER ACTIVITIES CAN NOT BE USED TO QUALIFY FOR A BROKER LICENSE

·         FORM MUST BE COMPLETE AND BE TYPED OR PRINTED AND LEGIBLE

·         IF MULTIPLE TRANSACTIONS FOR THE SAME SELLER OR BUYER, PLEASE EXPLAIN AND INDICATE ANY OWNERSHIP INTEREST OF APPLICANT

EDUCATION POINTS: Must provide copy of diploma, transcripts or course completion certificates

·                     Three points for an associate degree in real estate;

·                     Three points for Certified Commercial Investment Member (CCIM) or Council of Real Estate Broker Managers (CRB);

·                     Five points for a bachelor degree or higher in business management;

·                     Five points for a bachelor degree or higher in real estate.

·                     Five points for a law degree.

S   SUPERVISION POINTS: Points are obtained through supervision of real estate activity for any broker who has supervised real estate activity a minimum of 36 months:

1.     One point for each year of real estate brokerage supervisory experience, maximum of three points;

2. One point for each licensed real estate full time equivalent (FTE) supervised within the last 36 months, maximum of ten points

3. One point for every five transactions supervised in the last 36 months, maximum of 15 points.

EDUCATOR POINTS: Points are obtained by being an approved real estate educator in a jurisdiction;

                One point for each instructor day (minimum of six hours) within the past 36 months, maximum of ten points. Must provide proof of course approval number and instructor approval number

 

 

 

 

 TRANSACTIONS: COMMERCIAL/AGRICULTURAL/FARM & RANCH – The following must be provided by the Supervising Broker. Make copies of this form as needed. Please refer to ARM 24.210.611, for additional clarification of qualifications to obtain a broker license.