The PSI Real Estate Salesperson Exam
The PSI real estate COMPLETE salesperson licensing examination consists of two separate sections – state and national. Each section is graded and scored separately.
The national section consists of 80 questions. These questions cover the areas of general real estate and contract law, financing, survey descriptions, property taxes, ethics, mathematics, closing and settlement practices and the Federal Fair Housing Act. Salesperson candidates are required to achieve a score of 70% or better on this section.
The state section of the exam consists of 33-35 questions covering Montana laws. The questions cover such topics as licensing, trust accounts, deeds, foreclosures and the landlord-tenant act. Salesperson candidates must score at least 70% of state-specific questions.