Montana Law - state portion Exam Questions With Correct Verified Answers A+ Graded
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Course
MONTANA LAWS AND RULES
Institution
MONTANA LAWS AND RULES
How many members are on the Board of Realty Regulation, who appoints them, and where are they located? - ANS 7 persons, the Governor, Helena
What power does the board have? - ANS Subpoena documents and witnesses
Issue an injunction against any licensee
Reprimand a licensee
Place a lice...
Montana Law - state portion
Exam Questions With Correct
Verified Answers A+ Graded
, How many members are on the Board of Realty Regulation, who
appoints them, and where are they located? - ANS 7 persons, the
Governor, Helena
What power does the board have? - ANS Subpoena documents and
witnesses
Issue an injunction against any licensee
Reprimand a licensee
K
Place a license on probation
Suspend a license for one year
C
Permanently revoke a license
LO
The board's rules are laws, what is the charge for violating them? -
ANS A misdemeanor offense, but not a felony.
Who is NOT required to have a real estate license? - ANS >Owners
YC
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.
D
>People buying or selling road right-of-way or buying or selling oil and
gas leases.
U
Who is required to have a broker or salesperson license? - ANS A
ST
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? - ANS 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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