How long does it take to get real estate license in Montana?

How much does a realtor make in Montana?

The average salary for a real estate agent in Montana is around $44,300 per year.

What is the hardest state to get a real estate license?

Hardest States to get a Real Estate License

Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.

How do I get my real estate license in Montana?

Montana Real Estate License Requirements

  1. Be at least 18 years of age.
  2. Complete 10th grade or more at an accredited high school or equivalent.
  3. Complete 70 hours of prelicensing instruction within the last 24 months from a Board-approved school and instructor.
  4. Pass the Montana Salesperson Real Estate Exam.

Do you get a salary as a real estate agent?

Real estate agents are hired by clients to buy or sell properties. The average real estate agent’s salary varies from year to year because pay is based on performance-based commission. … The U.S. Department of Labor cites the average real estate agent salary around $61,720, as of May 2018.

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How long does it take to get your real estate license?

On average it takes at least 4-6 months to get a real estate license in a traditional classroom. If you’re taking your real estate pre-licensing course online, it can take as little as 8 weeks depending on how fast you want to pace yourself.

What states do real estate agents make the most money?

10 States Where Real Estate Agents Earn The Most Money

Rank State 2017 Mean Annual Wage
1 New York $102,310
2 Texas $72,480
3 Hawaii $72,470
4 Alaska $71,030

Can I take real estate classes at 17?

Most states require people be at least 18 years old to get their real estate license. … While you have to be 18 in most states to get your real estate license, you may be able to take real estate classes and the test before you turn 18.

How much does it cost to get real estate license?

Real estate examination and licensing fees

Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.

Can a felon be a real estate agent in Montana?

Montana. Applicants who have an existing criminal record may still apply for a real estate license. It would be best if applicants were to include their criminal history along with the necessary documents related to the conviction, if any, on their application.

How do I become a broker in Montana?

Montana Real Estate Broker License Requirements

  1. Must have completed 60 hours of pre-licensing instruction from a school and instructor approved by the Board. …
  2. Must have passed the Montana Broker Examination with a score of 80% on both portions. …
  3. Must have two years experience as a licensed salesperson.
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Do realtors work on commission only?

Most real estate agents are paid on a commission-only basis. But certain agents—including those who are employed by companies like Redfin—get a base salary plus bonuses.

Do Realtors keep all commission?

Most real estate agents don’t get to keep all of their commission when a home sale closes. Instead they must split the commission with their principal broker — which is a real estate professional that holds a broker’s license and is therefore qualified to supervise real estate transactions.

How do Realtors get clients?

A: The best way to gain your first clients is through networking within your personal sphere of influence. Write down a list of all the people you know, family, former co-workers, the guy at the dry cleaners. Tell them you are now in the real estate business and are accepting new clients.