MT Law Real Estate Test questions with
correct answers
Several prospective buyers have made offers on one of your listed
properties. Another possible purchaser Kirkland Inc, is also
interested in making an offer on the property. As the seller's agent,
it is legal for you to tell Kirkland: - CORRECT ANSWERS
✔✔Several other offers have been made
Sarah is a licensed r.e. broker who does not have a listing is not a
sub-agent of the seller and hanse buyer-broker agreements. Sara is
an example of a: - CORRECT ANSWERS ✔✔Statutory broke
A real estate licensee should disclose known defects to the buyer in
which situation? - CORRECT ANSWERS ✔✔All situations
Pierce has a buyer-broker agreement. Pierce may legally receive his
commission from? - CORRECT ANSWERS ✔✔Any party with the
knowledge and consent of the buyer
1/8
, A Montana broker must keep trust account records for: -
CORRECT ANSWERS ✔✔8 years
A husband and wife in Montana have a deed which specified that
they hold the property under a tenancy by the entirety. Does the
couple have a valid title? - CORRECT ANSWERS ✔✔No, they don't
have a valid title
A salesperson decides to switch supervising brokers. The
salesperson has how many days to notify The Board in writing? -
CORRECT ANSWERS ✔✔10 days
Under which of the following circumstances may the Board of
Realty Regulation settle disputes between a broker and a
salesperson regarding the payment of a commission? - CORRECT
ANSWERS ✔✔Under no circumstances
Without yet having a signed listing, a salesperson may place a for
sale sign on a property: - CORRECT ANSWERS ✔✔Under no
circumstances
2/8
correct answers
Several prospective buyers have made offers on one of your listed
properties. Another possible purchaser Kirkland Inc, is also
interested in making an offer on the property. As the seller's agent,
it is legal for you to tell Kirkland: - CORRECT ANSWERS
✔✔Several other offers have been made
Sarah is a licensed r.e. broker who does not have a listing is not a
sub-agent of the seller and hanse buyer-broker agreements. Sara is
an example of a: - CORRECT ANSWERS ✔✔Statutory broke
A real estate licensee should disclose known defects to the buyer in
which situation? - CORRECT ANSWERS ✔✔All situations
Pierce has a buyer-broker agreement. Pierce may legally receive his
commission from? - CORRECT ANSWERS ✔✔Any party with the
knowledge and consent of the buyer
1/8
, A Montana broker must keep trust account records for: -
CORRECT ANSWERS ✔✔8 years
A husband and wife in Montana have a deed which specified that
they hold the property under a tenancy by the entirety. Does the
couple have a valid title? - CORRECT ANSWERS ✔✔No, they don't
have a valid title
A salesperson decides to switch supervising brokers. The
salesperson has how many days to notify The Board in writing? -
CORRECT ANSWERS ✔✔10 days
Under which of the following circumstances may the Board of
Realty Regulation settle disputes between a broker and a
salesperson regarding the payment of a commission? - CORRECT
ANSWERS ✔✔Under no circumstances
Without yet having a signed listing, a salesperson may place a for
sale sign on a property: - CORRECT ANSWERS ✔✔Under no
circumstances
2/8
