Montana Law - State portion Study Guide Exam Questions Fully Solved.
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Course
Montana Laws and Rules
Institution
Montana Laws And Rules
How many members are in on the Board of Realty Regulation, who appoints them, and where are they located? - Answer 7 persons, the Governor, Helena
What power does the board have? - Answer Subpoena documents and witnesses
Issue an injunction against any licensee
Reprimand a licensee
P...
Montana Law - State portion Study
Guide Exam Questions Fully Solved.
How many members are in on the Board of Realty Regulation, who appoints them, and where are they
located? - Answer 7 persons, the Governor, Helena
What power does the board have? - Answer Subpoena documents and witnesses
Issue an injunction against any licensee
Reprimand a licensee
Place a license on probation
Suspend a license for one year
Permanently revoke a license
The boards rules are laws, what is the charge for violating them? - Answer A misdemeanor offense, but
not a felony.
Who is NOT required to have a real estate license? - Answer >Owners or Lessors selling or leasing their
OWN property.
>Auctioneers employed by an owner.
>Anyone acting under court order - e.g. A sheriff conducting a sheriffs sale.
>People buying or selling road right-of-way or buying or selling oil and gas leases.
Who is required to have a broker or salesperson license? - Answer A broker or salesperson negotiating
the sale or leasing of real estate with or without the expectation of getting paid.
What is the magic number for most of the TQ's in the state portion of the exam? - Answer 10.
A salesperson whose supervising broker dies, is disabled (no longer licensed) and they MUST notify the
board within 10 days.
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