Free Montana Real Estate Practice Exam Questions (May 2024) 33+

Montana Real Estate Exam

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If a broker is changing their designated address, how many days does the broker have to notify the Board of Realty Regulation?

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

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

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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:

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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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When do ALL real estate licenses expire in Montana?

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

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

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

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

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

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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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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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According to Montana Fair Housing Law which is not a protected class?

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Under agency law in Montana dual agency is

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What is the civil fine for failure to comply with trust account maintenance requirements?

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

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

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Montana has a real estate license reciprocity agreement with:

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

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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.

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In Montana the amount a broker may charge for a commission is

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

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

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Is Montana a non-disclosure state and if so, what does that mean?

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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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When a license is revoked or suspended, the licensee:

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

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Which of the following acts is an unlicensed real estate assistant in Montana, permitted to do?

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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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Who appoints the members of the Board of Realty Regulation?

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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