1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
Montana License Law Questions
h h h h
and Answers (100% Pass)
h h h
ThehBoardhOfhRealtyhRegulationhConsistshofhhowhmanyhmembershandhhowhareht
hehmembershappointed?
7h members h andh are h appointed h byh the h governor
WhatharehthehCivilhandhCriminalhPenaltieshforhthosehengaginghinhrealhestatehwit
houthahlicense?
Guilty h ofh ah misdemeanor
FirsthOffensehwillhbehfinedhb/th$100-$500horhimprisonedhforh90hdayshorhBOTH
SubsequenthOffensehwillhbehfinedhb/th$500-
$2,000horhimprisonedhforh6hmonthshorhBOTH
WhathishthehRealhEstatehRecoveryhAccount?
-
Within h theh state h special h revenue h fund h for h theh use h ofh the h board ht h
ere
-Ishused h ish ah recovery h account
htohpayhclaimshagainsthlicenseeshthathremainhunsatisfiedh-
h thehboardhmaintainshahminimumhblancahofh$100,000handhtohmaintainhthishne
whlicenseeshpayhanhadditionalhfeehofh$35hwhenhobtaininghinitialhlicense.hIfhithishl
owerhthan
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
minimumhbalancehassessmenthwillhtakehplacehtohdeterminehhowhtohmaintainhb
alanceh(donehbyhboard)
Claimshagainsththehrecoveryhaccount?
Applications h for h claim h must h behmade h within h 2hyears h ofhfinal h judg
ement, h cannot h beh made h for h anh amount h over h $25,000, h the h boar
d h will h conduct h ah hearing h within h 30h days h ofh theh application
Whatharehthehrequirementshforhcontinuingheducationhforhnewhsalespersonhl
icense?
they h receive h anh interim h license h thath terminates h onh Oct. h 31st h ofht
he h year h ofh theh initial h license h date, h must h complete h the h "12 h-
hour hr ookie h course" h within h 120 h days h following h their h original h licens
ee h issue h date
ContinuinghRealhEstatehEducation?
Allhactive h licensees h must h complete h board-
mandated h core h education h each h year h along h with h ah 12h hour h of
h continuing h real he state h education h each h year.
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
Ahlicensehmayhbehplacedhonhinactivehstatushby?
1.h paying h theh required h fee
2. forwardinghthehlicensehtohthehBoardhforhcancellationhofhactivehstatus
3. Submittinghahwrittenhrequesththaththehlicensehbehplacehinactive
4. musthrenewhthehinactivehlicenseheachhyearhtohavoidhlapse,hexpirationhorh
termination
Howhdohyouhreactivatehanhinactivehlicense?
1.h filing h ah change h ofh address h application
2. providinghevidencehofhcompletingh24hhourshofhcontinuingheducation
3. providinghevidencehofhcompletinghthehprevioushlicensehyearshcorehcourse
4. payinghthehrequiredhfee
HowhmanyhdayshdoeshahBrokerhhavehtohnotifyhthehdepartmenthofhmovingh
addresses?
10h days
Ahsalespersonhwhosehlicensehhashbeenhcancelledhduehtohterminationhofh
associationhwithhahsupervisinghbrokerhmust?
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
notify h thehBoard h ofhahnew h supervising h broker h relationship h orhnotif
y h board h toh place h onh inactive h status, h pay h theh required h fees hw ithi
n h 10h days
Anhexistinghsupervisinghbrokerhmayhnothtransferhtemporaryhsupervisionhofhah
salespersonhforhmorehthanhhowhmanyhdays?
60h days h inh ah 12-month h period
Whatharehthehdisciplinaryhguidelineshthehboardhmayhimposehagainsthahlicenseeh
violatinghanyhlawshorhrules?
they h may h impose h any h action, h theh board h decides h onh ah case-by-
c ase h basis h that h seems h appropriate
h
Wherehmusththehboardhdeposithmoneyhithreceives?
must h beh deposited h inh theh recovery h account
Whatharehtheh6hRealhEstatehActivities?
1.h creation h and h improvement
2. managementhandhmaintenance
Master01h|hSeptember,h2024/2025h|hLatesthupdate
Montana License Law Questions
h h h h
and Answers (100% Pass)
h h h
ThehBoardhOfhRealtyhRegulationhConsistshofhhowhmanyhmembershandhhowhareht
hehmembershappointed?
7h members h andh are h appointed h byh the h governor
WhatharehthehCivilhandhCriminalhPenaltieshforhthosehengaginghinhrealhestatehwit
houthahlicense?
Guilty h ofh ah misdemeanor
FirsthOffensehwillhbehfinedhb/th$100-$500horhimprisonedhforh90hdayshorhBOTH
SubsequenthOffensehwillhbehfinedhb/th$500-
$2,000horhimprisonedhforh6hmonthshorhBOTH
WhathishthehRealhEstatehRecoveryhAccount?
-
Within h theh state h special h revenue h fund h for h theh use h ofh the h board ht h
ere
-Ishused h ish ah recovery h account
htohpayhclaimshagainsthlicenseeshthathremainhunsatisfiedh-
h thehboardhmaintainshahminimumhblancahofh$100,000handhtohmaintainhthishne
whlicenseeshpayhanhadditionalhfeehofh$35hwhenhobtaininghinitialhlicense.hIfhithishl
owerhthan
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
minimumhbalancehassessmenthwillhtakehplacehtohdeterminehhowhtohmaintainhb
alanceh(donehbyhboard)
Claimshagainsththehrecoveryhaccount?
Applications h for h claim h must h behmade h within h 2hyears h ofhfinal h judg
ement, h cannot h beh made h for h anh amount h over h $25,000, h the h boar
d h will h conduct h ah hearing h within h 30h days h ofh theh application
Whatharehthehrequirementshforhcontinuingheducationhforhnewhsalespersonhl
icense?
they h receive h anh interim h license h thath terminates h onh Oct. h 31st h ofht
he h year h ofh theh initial h license h date, h must h complete h the h "12 h-
hour hr ookie h course" h within h 120 h days h following h their h original h licens
ee h issue h date
ContinuinghRealhEstatehEducation?
Allhactive h licensees h must h complete h board-
mandated h core h education h each h year h along h with h ah 12h hour h of
h continuing h real he state h education h each h year.
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
Ahlicensehmayhbehplacedhonhinactivehstatushby?
1.h paying h theh required h fee
2. forwardinghthehlicensehtohthehBoardhforhcancellationhofhactivehstatus
3. Submittinghahwrittenhrequesththaththehlicensehbehplacehinactive
4. musthrenewhthehinactivehlicenseheachhyearhtohavoidhlapse,hexpirationhorh
termination
Howhdohyouhreactivatehanhinactivehlicense?
1.h filing h ah change h ofh address h application
2. providinghevidencehofhcompletingh24hhourshofhcontinuingheducation
3. providinghevidencehofhcompletinghthehprevioushlicensehyearshcorehcourse
4. payinghthehrequiredhfee
HowhmanyhdayshdoeshahBrokerhhavehtohnotifyhthehdepartmenthofhmovingh
addresses?
10h days
Ahsalespersonhwhosehlicensehhashbeenhcancelledhduehtohterminationhofh
associationhwithhahsupervisinghbrokerhmust?
Master01h|hSeptember,h2024/2025h|hLatesthupdate
, 1h|hPhahgheh|h©hcopyrighth2024/2025h|hGradehA+
notify h thehBoard h ofhahnew h supervising h broker h relationship h orhnotif
y h board h toh place h onh inactive h status, h pay h theh required h fees hw ithi
n h 10h days
Anhexistinghsupervisinghbrokerhmayhnothtransferhtemporaryhsupervisionhofhah
salespersonhforhmorehthanhhowhmanyhdays?
60h days h inh ah 12-month h period
Whatharehthehdisciplinaryhguidelineshthehboardhmayhimposehagainsthahlicenseeh
violatinghanyhlawshorhrules?
they h may h impose h any h action, h theh board h decides h onh ah case-by-
c ase h basis h that h seems h appropriate
h
Wherehmusththehboardhdeposithmoneyhithreceives?
must h beh deposited h inh theh recovery h account
Whatharehtheh6hRealhEstatehActivities?
1.h creation h and h improvement
2. managementhandhmaintenance
Master01h|hSeptember,h2024/2025h|hLatesthupdate
