Montana real estate - Study guides, Class notes & Summaries

MONTANA REAL ESTATE EXAM QUESTIONS AND ANSWERS, GRADED 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 or lease (without or without the expectation of getting paid) anyone showing someone else's property The Board - -Consists of seven people appo...

Montana Real Estate Exam Quizzes & Ans

Montana Real Estate Exam 1. A MT broker must keep trust account records for: ️ 8 years. 2. If a zoning ordinance conflicts with a restrictive covenant: ️ The more limiting of the two controls. 3. Pierce has a buyer broker agreement. Pierce may legally receive a commission from: ️ Any party with the knowledge and consent of the buyer. 4. A real estate licensee should disclose known defects to the buyer in which of the following situations? ️ In all situations. 5. Sarah is a ...

Real Estate Montana final exam Questions With Complete Solutions

Real Estate Montana final exam solution 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

Montana real estate exam questions and answers 100% correct A MT broker must keep trust account records for? - Answer- 8 years If a zoning ordinance conflicts with a restrictive covenant: - Answer- The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? - Answer- Any party with the knowledge and consent of the buyer I really state licensee should disclose known defects to the buyer in which of the following situations? - An...

To be enforceable, a real estate sales contract must contain: - At least an accurate description of the property. If a potential buyer suspects that a listed property may have once been an oil refinery, the buyer should: - Include an environmental audit contingency provision in the offer. 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? ...

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