Montana Sales Pre-License
This prelicense course begins by introducing the student to various types of real estate careers, activities, companies, and governmental agencies that regulate the industry. Then the course explores property rights, forms of ownership, property restrictions, and zoning. Students will learn the mathematical calculations and formulas commonly used in the real estate industry. The course provides an overview of agency relationships, contract law, property transfers, listing agreements, and deeds as well as environmental issues that licensees may encounter. The general prelicense section ends with an exploration of loans and the loan process, leasing, ethics, and fair housing laws. The Montana License Law section examines the laws and rules governing the licensing and conduct of Montana real estate professionals, beginning with an overview of the role, structure, responsibilities, and duties of the Montana Board of Realty Regulation. Students explore the real estate related activities that require a license, as well as the requirements for obtaining and renewing various real estate licenses. Licensee duties, agency relationships, unprofessional conduct, trust accounts, foreclosures, the Real Estate Recovery Account, property management, and the Residential Landlord and Tenant Act are also discussed. The course closes with the condominium requirements under the Montana Unit Ownership Act.

Montana Broker Prelicense

This extensive broker prelicense course explores the major areas real estate brokers confront when operating a real estate brokerage firm. First, students will gain useful information about successful business management in sections on brokerage administration management, business planning, office policies, human resources, licensee training, risk management, and technology. This section concludes with in-depth lessons on goal setting and business growth. Next is an overview of liability issues, including agency, fair housing, disclosures, and Montana laws and rules. This is followed by lessons discussing contract law, interpretation, and common Montana forms. Students will learn about Montana trust account requirements as well as the purpose and operation of escrow, closing, settlement, and title insurance. The property management section explores Montana property manager licensing, landlord and tenant law, and leases before delving further into the duties of a residential property manager and handling tenant relations. Lessons covering community ethics conclude the course.