Chantel Haywood from Bozeman, Montana posted over 2 years ago Im taking the pre-licensing courses currently to obtain my real estate license. I have not yet found a broker to sponsor me. I have a question about something the course said. It says in Montana, real estate brokers and sales people do not require more education to become a property manager. They can use their license to do so. I obviously can’t obtain my license if I don’t have a broker so do I have to wait until after my first year if I wanted to manage property? Just a little confused on this part. Thanks in advance!
Kim Meredith Hampton Real Estate Broker from Orlando, FL replied over 2 years ago Chantel, You obtain your license and during that time, find a property management company or real estate office that you would like to affiliate. Look up their online reviews, what area they specialize etc... in most states you need to work under the supervision of a Broker for a specified time frame before you can take your brokers exam and open your own brokerage
Ethan Kanning from Billings, Montana replied over 2 years ago hi Chantel - I'm an agent in Billlings. When you choose a course, you'll pick either prop mgmt or salesperson. If you get your sales person license, you'll also be allowed to practice prop mgmt. No additional coursework is required. If you pick a prop mgmt license, you would not be allowed to do any sales or brokerage work. As a sales person, you'll need to "hang your license" with a real estate firm.
Chantel Haywood from Bozeman, Montana replied over 2 years ago Ok. That makes sense now. Thank you both. I was under the impression that I could only hang my license with a broker at a real estate firm. I didn’t realize I could do it with property management. Thanks!
Ethan Kanning from Billings, Montana replied over 2 years ago You might want to call the Montana Board of Realty Regulation. If you get your salesperson license, you'll need to get a signature from a supervising broker before submitting. All the supervising brokers i know work at real estate brokerage firms. If you pass the salesperson license requirements, but then get hired at a prop mgmt firm, that firm would need to have a supervising broker on staff that would sign your application and thereby, commits to take responsibility and liability for your actions, while you're a salesperson. Hope that makes sense.