33+ Free Montana Real Estate Practice Exam Questions (September 2022)

Montana Real Estate Exam

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How quickly must trust fund money received be deposited into the trust account?

2 / 33

What is the Board of Realty Regulation’s primary purpose? Choose the best answer.

3 / 33

For first time offenders what are the Civil and Criminal Penalties for those engaging in real estate without a license per Montana State Law?

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How many hours of continuing education are required for Montana real estate salespersons and brokers?

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Jim and Pam told Dwight (a licensed broker) that they wanted to get $50,000 when they sold their house. Dwight accepted the listing and sold it for $100,000. Dwight then gave $50,000 to Jim and Pam and kept $50,000 for himself. This is considered a:

6 / 33

What is the maximum sum payable from the recovery account against a single licensee?

7 / 33

What must a licensee do if information in an internet ad changes once the ad is active?

8 / 33

How much money can a broker keep in the trust account of his/her own personal funds?

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The purpose of the Real Estate Recovery Account is to enable

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According to Montana state law (37-51-102 definitions), what is an “Adverse Material Fact?”

11 / 33

What happens in the event of a death of one's supervising broker?

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What chapter of Montana license law contains all the laws covering timeshare activity in the state?

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Any timeshare purchase that happens in Montana is protected with a rescission period. How long is this rescission period?

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The Board of Realty Regulation can suspend or revoke a license under their powers granted to them under Montana Real Estate Law. Which of the following reasons would constitute the Board to suspend or revoke a license?

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When a license is revoked or suspended, the licensee:

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Montana Real Estate Law mandates agents have errors and omissions insurance. What is the purpose of the insurance?

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Per Montanaa license law, what is the difference between a suspended real estate license (a suspension) and a revoked real estate license (a revocation)?

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How long do brokers have to keep the transaction documentation and trust account records?

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Who appoints the members of the Board of Realty Regulation?

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How often is continuing education required for Montana real estate salespersons and brokers?

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How many members are there in the Board of Realty Regulation?

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How long are terms for members of the Board of Realty Regulation?

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How many protected classes (in total) are there according to Montana Fair Housing Law?

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Does a license on inactive status need to be renewed?

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When do ALL real estate licenses expire in Montana?

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Montana has a real estate license reciprocity agreement with:

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The Board of Realty Regulation is sometimes shortened to:

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For second or more time offenders what are the Civil and Criminal Penalties for those engaging in real estate without a license per Montana State Law?

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Per Montana license law, trust account records and real estate related documents must be kept for a certain time period. This can mean a variety of things, which is why it's critical to know specifically which documents are necessary to keep. Which of the following documents are brokers required to keep by law?

30 / 33

A salesperson's commission may be paid to the salesperson ONLY by whom?

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The minimum amount that Alabama law requires that may be maintained in the Real Estate Recovery Account:

32 / 33

Under agency law in Montana dual agency is

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According to Montana state law (37-51-102 definitions), define the following: a broker or salesperson who assists one or more parties to a real estate transaction without acting as an agent or representative of any party to the real estate transaction.

Your score is

Hello, welcome to our Montana Real Estate Practice Exam.

This free practice exam is here to help you master the state-specific portion of the Montana real estate exam. 
 
In Montana, there are 133 questions on the exam (100 national and 33 state).

For help with the national portion we have our national practice test. That section can be used to study the topics featured on those 100 questions.  

For help with the state portion you're in the right place! This section can be used to study the topics featured on those 33 questions.  

The two most effective study tools for the Montana state exam portion are using real estate practice exams, and learning Montana state-specific license laws.

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Montana Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

Montana Property and Real Estate Laws

  • Montana Adverse Possession Laws
  • Montana Leases and Rental Agreements Laws
  • Montana Homestead Laws
  • Montana Civil Statute of Limitations
  • Montana Tenant Rights Laws

Montana Board of Realty Regulation

24.210.641 Unprofessional Conduct

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.


Montana Real Estate Exam FAQ’s

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Montana Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Montana requirements:

  • Must be 18 years or older.
  • Must complete required state approved pre-licensing courses (60 credit hours).
  • Estimated cost of total fees and license: $210

How Hard is the Montana Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. In Montana, the score to pass is 80% on the national and 70% on the state. With a total of 133 questions (100 national and 33 state), that means the score to pass is 80 for the national and 24 for the state.

How Many Questions Can You Miss on the Montana Real Estate Exam?

In Montana, you can miss 20 questions on the national and 9 on the state and still pass the real estate exam.

How Many Times Can You Take the Montana Real Estate Exam?

There are no limits to the number of times you can take your real estate exam, but it must be passed within two years of completing your 60-hour pre-licensing course.


What Is on the Montana Real Estate Exam?

The 133 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to Montana’s real estate license law. Here are what topics you are expected to know:

Montana State Portion:

  1. The Real Estate Licensing Agency’s Powers
  2. Licensing
  3. Requirements Governing the Activities of Licensees
  4. Additional Topics

Montana National Portion:

  1. Agency Relationships and Contracts
  2. Real Property Ownership/Interest
  3. Finance
  4. Real Property
  5. Marketing Regulations (purchase and rental)
  6. Property Management
  7. Real Estate Calculations

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