Montana Real Estate Exam Questions and Correct Answers | Latest Update
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Course
Montana Real Estate
Institution
Montana Real Estate
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 ...
collect a referral fee for sending sellers or buyers to a broker
A Property Manager's license
✓ -:- is not needed buy a close relative of a property owner
a manager who works for only one owner
a person who managers not more than four residential units
a resident manager who is compensated with reduced rent
Brokers and Salespeople
✓ -:- may manage property without a property manager license
Brokers may
✓ -:- represent a seller or buyer by obtaining a written (listing or buyer
agency) agreement
represent the statutes of Montana
Broker is statutory if
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