A Montana real estate broker lists a property for $500,000. The seller agrees to a 6% commission. The listing broker agrees to split the commission 50/50 with a cooperating broker. The cooperating broker's agent, who holds a salesperson license under that broker, is entitled to 60% of their broker's share of the commission. If the sale closes at the listed price, what is the gross commission received by the cooperating broker's brokerage, and what is the net commission received by the cooperating broker's agent?

Gross commission: $15,000; Agent net: $9,000. The total commission is 6% of $500,000, which is $30,000. The cooperating broker receives 50% of this, totaling $15,000. The agent receives 60% of the cooperating broker's share, so 0.60 * $15,000 = $9,000.

A buyer's agent in Montana is representing a client purchasing a commercial property for $1,200,000. The buyer's agent's brokerage has an exclusive buyer agency agreement with the client, stipulating a 3% commission. The seller is offering a 2.5% commission to the buyer's agent's brokerage. If the sale closes, and the buyer's agent's brokerage must pay a referral fee of 15% of their earned commission to the referring broker, what is the net commission retained by the buyer's agent's brokerage?

$25,500. The buyer's agent's brokerage is entitled to 3% of the purchase price, which is 0.03 * $1,200,000 = $36,000. However, the seller is only offering 2.5%, so the earned commission is 0.025 * $1,200,000 = $30,000. A 15% referral fee on the earned commission is 0.15 * $30,000 = $4,500. The net commission retained by the brokerage is $30,000 - $4,500 = $25,500.

A Montana real estate broker is acting as a dual agent for both the buyer and seller in a transaction involving a residential property. The agreed-upon commission is 5%. The property sells for $450,000. The listing agreement specifies that 50% of the commission goes to the listing broker (who is also the dual agent) and 50% goes to the selling broker. If the selling broker is the buyer's agent, and they split their commission 60/40 with their agent, what is the net amount received by the buyer's agent?

$4,050. The total commission is 5% of $450,000, which is $22,500. Since the broker is acting as a dual agent, they represent both parties. The commission is split equally, so the selling broker (representing the buyer) receives $11,250. The buyer's agent receives 60% of this amount: 0.60 * $11,250 = $6,750. However, dual agency requires informed consent and strict adherence to fiduciary duties, and the question implies this is permissible. The prompt asks for the net amount received by the buyer's agent, which is their share of the selling broker's portion of the commission. The selling broker's portion is $22,500 / 2 = $11,250. The agent's share is 60% of $11,250, which is $6,750.

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Free Montana Real Estate Broker Exam practice test with 50 realistic multiple-choice questions, instant grading, and explanations. Study with drill mode, category score reports, and a personalized review plan.

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50 multiple-choice practice questions
Drill mode with instant feedback and explanations after each answer

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Sample Montana Broker practice questions

Try a few representative questions below. Each includes the correct answer and a short explanation — the same style you'll see in the full practice test.

Question 1Commission Calculations
A Montana real estate broker lists a property for $500,000. The seller agrees to a 6% commission. The listing broker agrees to split the commission 50/50 with a cooperating broker. The cooperating broker's agent, who holds a salesperson license under that broker, is entitled to 60% of their broker's share of the commission. If the sale closes at the listed price, what is the gross commission received by the cooperating broker's brokerage, and what is the net commission received by the cooperating broker's agent?
- A.Gross commission: $15,000; Agent net: $9,000(Correct)
- B.Gross commission: $15,000; Agent net: $4,500
- C.Gross commission: $30,000; Agent net: $9,000
- D.Gross commission: $30,000; Agent net: $18,000
Explanation
The total commission is 6% of $500,000, which is $30,000. The cooperating broker receives 50% of this, totaling $15,000. The agent receives 60% of the cooperating broker's share, so 0.60 * $15,000 = $9,000.
Question 2Commission Calculations
A buyer's agent in Montana is representing a client purchasing a commercial property for $1,200,000. The buyer's agent's brokerage has an exclusive buyer agency agreement with the client, stipulating a 3% commission. The seller is offering a 2.5% commission to the buyer's agent's brokerage. If the sale closes, and the buyer's agent's brokerage must pay a referral fee of 15% of their earned commission to the referring broker, what is the net commission retained by the buyer's agent's brokerage?
- A.$30,000
- B.$25,500(Correct)
- C.$36,000
- D.$21,675
Explanation
The buyer's agent's brokerage is entitled to 3% of the purchase price, which is 0.03 * $1,200,000 = $36,000. However, the seller is only offering 2.5%, so the earned commission is 0.025 * $1,200,000 = $30,000. A 15% referral fee on the earned commission is 0.15 * $30,000 = $4,500. The net commission retained by the brokerage is $30,000 - $4,500 = $25,500.
Question 3Agency and Commission Splits
A Montana real estate broker is acting as a dual agent for both the buyer and seller in a transaction involving a residential property. The agreed-upon commission is 5%. The property sells for $450,000. The listing agreement specifies that 50% of the commission goes to the listing broker (who is also the dual agent) and 50% goes to the selling broker. If the selling broker is the buyer's agent, and they split their commission 60/40 with their agent, what is the net amount received by the buyer's agent?
- A.$4,050(Correct)
- B.$13,500
- C.$10,125
- D.$6,750
Explanation
The total commission is 5% of $450,000, which is $22,500. Since the broker is acting as a dual agent, they represent both parties. The commission is split equally, so the selling broker (representing the buyer) receives $11,250. The buyer's agent receives 60% of this amount: 0.60 * $11,250 = $6,750. However, dual agency requires informed consent and strict adherence to fiduciary duties, and the question implies this is permissible. The prompt asks for the net amount received by the buyer's agent, which is their share of the selling broker's portion of the commission. The selling broker's portion is $22,500 / 2 = $11,250. The agent's share is 60% of $11,250, which is $6,750.

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This practice test includes 50 multiple-choice questions designed to mirror the format and difficulty of the real Montana Real Estate Broker Exam.

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