Individuals or businesses applying for a broker's license to negotiate the purchase, sale, or exchange of motor vehicles on behalf of clients without taking ownership of the vehicles. Required when: Applying for a broker's license with the Montana Motor Vehicle Division. Exemptions: Licensed real estate brokers or age…
Overview
What it is.
Individuals or businesses applying for a broker's license to negotiate the purchase, sale, or exchange of motor vehicles on behalf of clients without taking ownership of the vehicles. Required when: Applying for a broker's license with the Montana Motor Vehicle Division. Exemptions: Licensed real estate brokers or age…
Who usually needs it
Individuals or businesses applying for a broker's license to negotiate the purchase, sale, or exchange of motor vehicles on behalf of clients without taking ownership of the vehicles.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMTBond amount$50,000Term lengthContinuousObligeeMontana Department of Justice, Motor Vehicle DivisionRenewalThe bond must be renewed annually by December 31st to maintain the broker's license.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer BondStatutory referenceMontana Code Annotated 61-4-101JurisdictionState
