Montana real estate exam Questions And Answers | 2025 ,2026 Updated Solutions | 100% Correct Answers

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 Don't know? 8/5/25, 10:10 AM Montana real estate exam Flashcards | Quizlet 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 The sales person receiving earnest money should probably: Deliver the money to the sales person sponsoring broker The closing of the sale of a commercial property in Montana, the entry for the earnest money deposit would be: Credit to the buyer 8/5/25, 10:10 AM Montana real estate exam Flashcards | Quizlet receives three faxed offers on a listing property from three potential buyers. In which manner should the broker present the offers to the seller? Present all three offers at the same time The Montana border realty regulation has the power to do which of the following? Adopt rules regulating the real estate professional Montana The members of the Montana border realty regulation are: Appointed by the governor Violation of the license laws is: Misdemeanor Upon expiration of a residential lease, the landlord deducts from the security deposit for damages caused by the tenant. The balance of the security deposit must be returned to the tenant within how many days of the termination of the lease? 30 When my broker wait longer than the specified time to deposit earnest money? When the purchase agreement provides otherwise Which of the following will terminate a buyer agency agreement? Death of the buyer 8/5/25, 10:10 AM Montana real estate exam Flashcards | Quizlet suspension of her real estate license may be appealed to the: District court The real estate firm is excused from having a trust account if the clients funds are held: Buy a title insurance company Certificates of water rate transfer files with the: Department of natural resources and conservation Which of the following methods would most likely be used to describe a very large Montana ranch property? Government survey system Upon the first receipt by a sales person or broker, earnest money must be deposited within: 72 hours When my broker guarantee that profitable results from the resale of a property? Never