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Montana Real Estate Exam with correct answers

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2024/2025 Written for academic year
Institution Montana Real Estate
Course Montana Real Estate
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Montana Real Estate Exam with correct answers

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Montana Real Estate Exam with correct
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Who is not Required to have a Real Estate License - CORRECT
ANSWERS ✔✔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
ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔The Boards rules are





, laws; violations are misdemeanors


The Board has the power to - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔The
board sends a stop order, cease and desist


Property Manager is - CORRECT ANSWERS ✔✔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 ANSWERS
✔✔represent sellers or buyers
collect a referral fee for sending sellers or buyers to a broker

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