Montana License Law Questions and Answers (100% Pass)
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Course
MFT National Licensing
Institution
MFT National Licensing
The Board Of Realty Regulation Consists of how many members and how are
the members appointed?
→ 7 members and are appointed by the governor
What are the Civil and Criminal Penalties for those engaging in real estate
without a license?
→ Guilty of a misdemeanor
First Offense will be fin...
→ notify the Board of a new supervising broker relationship or
notify board to place on inactive status, pay the required fees
within 10 days
An existing supervising broker may not transfer temporary supervision of a
salesperson for more than how many days?
→ 60 days in a 12-month period
What are the disciplinary guidelines the board may impose against a licensee
violating any laws or rules?
→ they may impose any action, the board decides on a case -by-
case basis that seems appropriate
Where must the board deposit money it receives?
→ must be deposited in the recovery account
What are the 6 Real Estate Activities?
→ 1. creation and improvement
2. management and maintenance
Master01 | September, 2024/2025 | Latest update
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