Property Management requirements in Montana

Must Montana property management companies have a real estate broker's license?

Yes, if a property manager is going to lease, rent, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Must Montana community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in Montana.

Montana Real Estate Broker Requirements:

two years as a licensed salesperson
Completion of the following within 3 years of the date of application: 30 residential real estate transactions OR minimum of 10 commercial, agricultural or farm and ranch real estate transactions.
High school graduation or equivalent
60 hours of additional pre-licensing instruction from a school and instructor approved by the Board
Pass the Montana Real Estate Examination with a score of 80% or better on both the uniform and state portion.

IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.