Montana Real Estate Salesperson Exam: Study Guide & Practice
- Course type: Self-paced
- Available Lessons: 163
- Average Lesson Length: 8 min
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Eligible for Certificate:
Certificate completed
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Watch a preview:
chapter 1 / lesson 1Real Property and Personal Property: Definition and Differences -
This course can be found in: Real Estate Test Prep
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Course Summary
Prepare for the Montana Real Estate Salesperson Exam with our self-paced and informative study guide. Our concise video lessons and self-assessment quizzes will prepare you to show your competency in Montana real estate practices, requirements, and laws.to start this course today
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19 chapters in Montana Real Estate Salesperson Exam: Study Guide & Practice
Course Practice Test
Check your knowledge of this course with a 50-question practice test.- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
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About This Course
Before you can become licensed to show clients their potential new homes, you must demonstrate your understanding of the real estate industry and the state laws and national regulations that govern its activities. Assessing your understanding of these key topics form the basis of the Montana Real Estate Salesperson Exam. This course allows you to make the most of your study time and prepares you to put your best foot forward with video lessons and self-assessment quizzes covering all of the topics you may see on the exam, including general agency principles, real estate calculations, valuation, and market analysis. Study anywhere and at any time from any computer, tablet, or smartphone.
Check out our real estate test prep materials! We've got comprehensive real estate study guides to help you study, real estate practice tests to test your knowledge, and informational real estate resources to get you up to speed on testing logistics.
Syllabus & Course Information
This course is designed to prepare you for the Montana Real Estate Salesperson Exam, covering all the topics outlined in the official test materials provided by the Montana Board of Realty Regulation. Our professional instructors created this comprehensive course to help you master these objectives. Some of the topics covered in this course are listed below:
- Property and land characteristics, valuations, and appraisals
- Disclosures of property conditions
- Real estate land use controls and regulations
- Real estate practices
- Real estate financing terms, concepts, and calculations
- Real estate loans, liens, and encumbrances
- Agency relationships and agreements
- Real estate sales contracts and title transfers
- Montana real estate licensing, laws, and statutory requirements
- Leasing and property management
Course Format
This course consists of 19 chapters covering all the main topics on the exam. To track your progress and get you accustomed to answering the types of questions on the exam, we've also included self-assessment quizzes and chapter tests to help you support your learning.
Montana Real Estate Salesperson Exam Information
The Montana Real Estate Salesperson Exam measures your level of competency in all the required topics on the exam, including Montana real estate practices, licensing, and laws as well as real estate financing terms, concepts, and calculations. The test details are as follows:
- Number of Questions: 113 questions (80 for the national portion; 33 for the state portion)
- Question Type: Multiple-choice
- Time Limit: 3 hours and 30 minutes (2 hours for the national portion; 1.5 hours for the state portion)
- Exam Cost: $106 for the examination (whether you're taking one or both portions)
Montana Real Estate Salesperson Exam Breakdown
Montana Real Estate Salesperson Exam Subtest I Concept | Percentage of the Montana Real Estate Salesperson Exam Subtest I | Approximate Number of Questions |
---|---|---|
Property Ownership | 8% | 6 |
Land Use Controls and Regulations | 5% | 4 |
Valuation and Market Analysis | 7% | 6 |
Financing | 10% | 8 |
General Principles of Agency | 13% | 10 |
Property Disclosures | 6% | 5 |
Contracts | 17% | 14 |
Leasing and Property Management | 3% | 3 |
Transfer of Title | 8% | 6 |
Real Estate Practice | 13% | 10 |
Real Estate Calculations | 10% | 8 |
Montana Real Estate Salesperson Exam Subtest II Concept | Percentage of the Montana Real Estate Salesperson Exam Subtest II | Approximate Number of Questions |
---|---|---|
Duties and Powers of the Real Estate Licensing Agency | 6% | 2 |
Licensing Requirements | 6% | 2 |
Statutory Requirements Governing the Activities of Licensees | 76% | 25 |
Additional Requirements | 12% | 4 |
Preparing and Registering for the Montana Real Estate Salesperson Exam
Using this study guide, you'll set yourself up for success by reviewing all of the major topics on the Montana Real Estate Salesperson Exam by watching engaging videos and taking self-assessment quizzes. The videos focus on what the exam requires, while the self-assessment quizzes will give you the practice you'll need to succeed and help you measure your progress. After completing the Montana Real Estate Salesperson Exam Study Guide and Practice, you'll be confident of scoring high marks on exam day.
As part of the application process to become a licensed Montana real estate salesperson, the Montana Board of Realty Regulation requires you to have completed at least two years of study at an accredited high school or equivalent, 60 hours of approved pre-licensing education within the last 24 months, and have passed the Montana Real Estate Salesperson Exam within the last 12 months. To schedule to take the Montana Real Estate Salesperson Exam, you may register online or call PSI Services LLC, the testing administrator for the Montana Board of Realty Regulation.
Montana Real Estate Salesperson Exam is a registered trademark of Montana Board of Realty Regulation, which is not affiliated with Study.com.
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