Montana Real Estate Exam Questions and Correct Answers | Latest Update

The buyer's interest under a contract of sale is? -:- 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? -:- Right of equity The buyer under a contract of sale has: -:- Equitable title Th...

Montana Timeshare Act -:- Title 37, Chapter 53 Timeshares include -:- structures, campgrounds, campsites, outdoor recreation sites, spaces for trailer, tent, camper, or similar portable device Selling/ transferring a time share -:- -must be registered with the state of Montana -provide a ...

Who is not Required to have a Real Estate License -:- 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 -:- broker of salesperson to negotiate sale o...

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 ...

personal property that, by its attachment to real property, is regarded as real estate is called -:- a fixture An object that is affixed to commercial property and used to generate income is called a -:- trade fixture real property given in a will is referred to as a -:- devise Joe and Ka...