Montana Law - State Portion Of Exam
1. How many members are on the Board of Realty Regulation, who appoints them, and where are they
located? - ️ 7 persons, appointed by the Governor, located in Helena.
2. What power does the board have? - ️ Subpoena documents and witnesses. - ️ Issue a...
1. How many members are on the Board of Realty Regulation, who appoints them, and where are they
located?
- ✔️ 7 persons, appointed by the Governor, located in Helena.
2. What power does the board have?
- ✔️ 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.
3. The board's rules are laws; what is the charge for violating them?
- ✔️ A misdemeanor offense, but not a felony.
4. Who is NOT required to have a real estate license?
- ✔️ 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 sheriff's sale).
- ✔️ People buying or selling road right-of-way or oil and gas leases.
5. Who is required to have a broker or salesperson license?
- ✔️ A broker or salesperson negotiating the sale or leasing of real estate with or without the
expectation of getting paid.
6. What is the magic number for most of the TQs in the state portion of the exam?
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