- Study guides, Class notes & Summaries

MONTANA REAL ESTATE EXAM – DEEDS ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS The General Warranty Deed is also known as: - Answer -Warranty Deed Which deed provides the best protection for a buyer? - Answer -General Warranty Which deed gives no guarantees

MONTANA REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS A MT broker must keep trust account records for? - Answer -8 years If a zoning ordinance conflicts with a restrictive covenant: - Answer -The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? - Answer -Any party with the knowledge and consent of the buyer

2025/2026 MONTANA REAL ESTATE EXAM - CONTRACT OF SALE ACTUAL Q&A 100% PASS The buyer's interest under a contract of sale is? - Answer -Equitable title (has the right to get ownership) What concept gives a vendee the right to sue the vendor for speci

MONTANA REAL ESTATE SALESPERSON EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Tenancy in Severalty - Answer -One person or Corporation owns Tenancy in Common - Answer -Equal or unequal undivided ownership between 2 or more people. Upon decease, shares are passed on to Heirs Joint Tenancy - Answer -4 Unitys: Interest-each owner has same interest Possession: all owners hold undivided interest Time: interest received at same time Title: all owners acquire their interest with t...

REAL ESTATE SALESPERSON EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS apartment information vendor - Answer -an individual who, for a fee, furnishes information about the location of residential real property, including apartments, that are available to be rented, shared, or sublet apartment sharing agent - Answer -an individual who, for a fee, arranges and coordinates meetings between the current owners or occupants of real property, including apartments, who wish to share ...

2025/2026 REAL ESTATE SALESPERSON MICHIGAN EXAM ACTUAL Q&A 100% PASS Department - Answer -Refers to the department of licensing and regulatory affairs. Board - Answer -refers to the board of real estate brokers and sales persons Purpose of the real estate board - Answer -Interoperate license requirement and aid in investigatio

MONTANA REAL ESTATE EXAM – DEEDS ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS The General Warranty Deed is also known as: - Answer -Warranty Deed Which deed provides the best protection for a

MONTANA REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS A MT broker must keep trust account records for? - Answer -8 years If a zoning ordinance conflicts with a restrictive covenant: - Answer -The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? - Answer -Any party with the knowledge and consent of the buyer

2025/2026 MONTANA REAL ESTATE EXAM - CONTRACT OF SALE ACTUAL Q&A 100% PASS The buyer's interest under a contract of sale is? - Answer -Equitable title (has the right to get ownership) What concept gives a vendee the right to sue the vendor for specific performance on a signed contract? - Answer -Right of equity The buyer under a contract of s

MONTANA REAL ESTATE SALESPERSON EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Tenancy in Severalty - Answer -One person or Corporation owns Tenancy in Common - Answer -Equal or unequal undivided ownership between 2 or more people. Upon decease, shares are passed on to Heirs Joint Tenancy - Answer -4 Unitys: Interest-each owner has same interest Possession: all owners hold undivided interest Time: interest received at same time Title: all owners acquire their interest with t...