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Montana real estate exam Questions and Correct Answers | Latest Update

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A MT broker must keep trust account records for? -:- 8 years If a zoning ordinance conflicts with a restrictive covenant: -:- The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? -:- Any party with the knowledge and consent of the buyer I really state licensee should disclose known defects to the buyer in which of the following situations? -:- In all situations Sarah is a licensed real estate broker who does not have a listing, is not a subagent of the seller And has no buyer broker agreement. Siri is an example of a: -:- Statutory broker 2 | P a g e |

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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Montana real estate exam Questions and
Correct Answers | Latest Update
A MT broker must keep trust account records for?


✓ -:- 8 years




If a zoning ordinance conflicts with a restrictive covenant:


✓ -:- The more limiting of the two controls




Pierce has a buyer broker agreement. Pierce may legally receive a commission from?


✓ -:- Any party with the knowledge and consent of the buyer




I really state licensee should disclose known defects to the buyer in which of the following

situations?


✓ -:- In all situations




Sarah is a licensed real estate broker who does not have a listing, is not a subagent of the

seller And has no buyer broker agreement. Siri is an example of a:


✓ -:- Statutory broker




1 | P a g e | G r a d e A + | 2 0 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


Several prospective buyers have made offers on one of your listing properties. Another

possible purchaser, Kirkland, Inc., is also interested in making an offer on the apartment. As

the seller's agent, it is legal for you to tell Kirkland:


✓ -:- Several other offers have been maid




Sales person may:


✓ -:- Take listings with the brokers consent and approval




At closing, the sales price would be a credit to the:


✓ -:- Seller




The buyer of habitable property must be given a Montana radon gas disclosure statement:


✓ -:- At the time the offer is made




Sales person has numerous listings, including several that are scheduled for closing. The sales

person decides to affiliate with a different broker. Which of the following is correct?


✓ -:- Both the listings and the closings remain with the old broker when

the sales person believes with the new broker




2 | P a g e | G r a d e A + | 2 0 0 2 5

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