Montana Real Estate Exam; Questions and Answers

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Montana Real Estate Exam; Questions and Answers

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2024/2025

Institution Montana Real Estate

Course Montana Real Estate

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Montana Real Estate Exam; Questions and Answers

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Montana Real Estate Exam; Questions and Answers

Who is not Required to have a Real Estate License Correct Ans-An auctioneer employed by

owner

an executor of an estate (acting under court order)

government employee

owners or lessors of their own property

Who is Required to have a Real Estate License Correct Ans-broker of salesperson to

negotiate sale or lease

(without or without the expectation of getting paid)

anyone showing someone else's property

The Board Correct Ans-Consists of seven people appointed by the governor

does not involve itself with commission disputes

does give advice regarding trust accounting rules

The Boards rules Correct Ans-The Boards rules are laws; violations are misdemeanors

, Montana Real Estate Exam; Questions and Answers

The Board has the power to Correct Ans-subpoena documents

issue and injunction against any licensee

place a licensee on probation

suspend a license for one year

permanently revoke a license

If a broker's license is suspended Correct Ans-The board sends a stop order, cease and

desist

Property Manager is Correct Ans-a person who will only lease property but not represent

sellers of buyers

may obtain a restricted Property Manager license and operate without a Supervising Broker

A licensed property manager cannot Correct Ans-represent sellers or buyers

collect a referral fee for sending sellers or buyers to a broker

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Uploaded on: September 11, 2024
Number of pages: 14
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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