Package deal
Montana Real Estate Exam Questions and Correct Answers | Latest Update
Montana Real Estate Exam Questions and Correct Answers | Latest Update
[Show more]Montana Real Estate Exam Questions and Correct Answers | Latest Update
[Show more]How many members are in on the Board of Realty Regulation, who appoints them, and 
where are they located? 
 -:- 7 persons, the Governor, Helena 
What power does the board have? 
 -:- Subpoena documents and witnesses 
 Issue an injunction against any licensee 
 Reprimand a licensee 
 Place a lic...
Preview 2 out of 6 pages
Add to cartHow many members are in on the Board of Realty Regulation, who appoints them, and 
where are they located? 
 -:- 7 persons, the Governor, Helena 
What power does the board have? 
 -:- Subpoena documents and witnesses 
 Issue an injunction against any licensee 
 Reprimand a licensee 
 Place a lic...
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...
Preview 1 out of 3 pages
Add to cartThe 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 ...
Preview 2 out of 5 pages
Add to cartMontana 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...
Preview 3 out of 16 pages
Add to cartWho 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 ...
Preview 2 out of 6 pages
Add to cartA 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...
Preview 4 out of 48 pages
Add to cartpersonal 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...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
No, you only buy these notes for $26.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now