Exam (elaborations)
Montana Real Estate Exam ; Questions and Answers
- Course
- Institution
Montana Real Estate Exam ; Questions and Answers
[Show more]
Content preview
Montana Real Estate Exam ; Questions and AnswersWho is not Required to have a Real Estate License Correct Ans-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 Correct Ans-broker of salesperson to
negotiate sale or lease
(without or without the expectation of getting paid)
anyone showing someone else's property
The Board Correct Ans-Consists of seven people appointed by the governor
does not involve itself with commission disputes
does give advice regarding trust accounting rules
The Boards rules Correct Ans-The Boards rules are laws; violations are misdemeanors
The Board has the power to Correct Ans-subpoena documents
, Montana Real Estate Exam ; Questions and Answers
issue and injunction against any licensee
place a licensee on probation
suspend a license for one year
permanently revoke a license
If a broker's license is suspended Correct Ans-The board sends a stop order, cease and
desist
Property Manager is Correct Ans-a person who will only lease property but not represent
sellers of buyers
may obtain a restricted Property Manager license and operate without a Supervising Broker
A licensed property manager cannot Correct Ans-represent sellers or buyers
collect a referral fee for sending sellers or buyers to a broker
A Property Manager's license Correct Ans-is not needed buy a close relative of a property
owner
a manager who works for only one owner
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamRoom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
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