Montana Real Estate Exam Practice Questions (2025)

Montana's real estate salesperson exam has 120 questions: 80 national and 40 state-specific. You need 70% (84/120) to pass.

National Section Questions

Q1: A property sold for $320,000 two years ago and sells today for $368,000. What is the percentage increase? - Increase: $48,000 / $320,000 = 15%

Q2: Which approach to value is MOST appropriate for a single-family home with many recent comparable sales? A) Cost approach B) Income approach C) Sales comparison approach D) GRM Answer: C — Sales comparison is most reliable when comparable sales exist.

Q3: A lender requires 20% down on a $425,000 purchase. What is the down payment? - $425,000 x 0.20 = $85,000

Montana-Specific Questions

Q4: Montana real estate licensees are regulated by: A) Montana Real Estate Commission B) Montana Board of Realty Regulation under DLI C) Montana Dept of Commerce D) Montana Licensing Bureau Answer: B — The Board of Realty Regulation operates under the Department of Labor and Industry (DLI).

Q5: Montana real estate license law is found in: A) MCA Title 37, Chapter 51 B) MCA Title 70 (Property) C) Montana Admin Rules Title 24 D) Montana Real Estate Practices Act Answer: A — MCA Title 37, Chapter 51 governs Montana real estate licensees.

Q6: Montana requires salesperson applicants to complete how many hours of prelicense education? A) 40 B) 60 C) 70 D) 90 Answer: C — 70 hours: 60 general + 10 Montana-specific.

Q7: Montana water rights are governed by which doctrine? A) Riparian rights B) Prior appropriation C) Public trust doctrine D) Correlative rights Answer: B — Prior appropriation: "first in time, first in right." Water rights are allocated by historical use priority.

Q8: A Montana broker must retain transaction records for: A) 2 years B) 3 years C) 5 years D) 7 years Answer: C — 5 years.

Q9: Dual agency in Montana requires: A) Verbal disclosure before any showing B) Written informed consent from both parties C) Board approval D) Only seller's consent Answer: B — Written informed consent from both parties before the dual agency begins.

Q10: Senior water rights vs. junior rights in Montana means: A) Seniors (65+) get priority B) Earlier-dated rights holders get water first in shortage C) Junior rights are always voided in drought D) All rights holders share equally Answer: B — Senior (earlier-dated) rights holders get water first under prior appropriation.

Key Montana Topics - **Board of Realty Regulation** under DLI; **MCA Title 37, Chapter 51** - **70-hour prelicense** (60 general + 10 Montana-specific) - **Prior appropriation water rights** — senior vs. junior, appurtenant vs. non-appurtenant - **5-year record retention**; written dual agency consent required

[Practice Montana questions at CARealestate.com/states/montana](https://carealestate.com/states/montana)