Montana laws and rules Study guides, Class notes & Summaries

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 license on probation Suspend a license for one year Permanently revoke a license The board's rules are laws, what is the charge for violating them? - ANS A misdemeanor offense, but not a felony. ...

How many states allow Telephonic Notification? - correct answer20: Arizona, Colorado, Connecticut, Delaware, Idaho, Indiana, Maryland, Mississippi, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Utah, Virginia, West Virginia. With specific requirements: Michigan, Pennsylvania, Vermont, New York What does substitute notice require? - correct answer1. Posting on website homepage 2. Statewide media posting 3. E-mail notice when possible What is the threshold for substitute notice in most...

Montana Real Estate Exam Questions and Answers 100% Solved A MT broker must keep trust account records for? 8 years If a zoning ordinance conflicts with a restrictive covenant: The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? 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? In all situations Sara...

biological safety cabinet - Answer ventilated cabinet w/ an inward airflow for personnel protection, a downward HEPA filtered laminar airflow for product protection, HEPA filtered exhaust for environmental protection contingency kit - Answer secured kit containing those drugs which may be required to meet the short term therapeutic needs of pts w/in an institution that does NOT have an *in-house/24 hr pharmacy* -only is has to be inspecte yearly -drugs only have to be chosen by a co...

Upon expiration of a residential lease, the landlord deducts from the security deposit for damages caused by the tenant. The balance of the security deposit must be returned to the tenant within how many days of the termination of the lease? - 30 Sarah is a licensed real estate broker who does not have a listing, is not a subagent of the seller And has no buyer broker agreement. Siri is an example of a: - Statutory broker Sales person has numerous listings, including several that are schedu...

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...

The Commissioner enforces and executes the duties imposed by the - Answer Insurance Code. All certificates and licenses issued by the Commissioner must bear the Commissioner's seal. The Commissioner and any person they appoint/employ may not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except - Answer as a policyholder or claimant under a policy. If the unfair or deceptive practice has not been discontinued, the Commis...

Florida Statues, Rules, and Regulations Exam Questions Marking Scheme 2024 New Update All of the following would be considered an insurance transaction EXCEPT - Answer -Obtaining an insurance license. Which of the following best describes an insurance company that has been formed under the laws of this state? - Answer -Domestic When transacting business in this state an insurer formed under the laws of another country is known as a/an - Answer -Alien insurer. Which of the following i...

When a Salesperson quits - all listing and transactions remain with the old Supervising Broker they do not work for the new Broker until a new wall license and pocket card are issued A Property Manager's license - is not needed buy a close relative of a property owner a manager who works for only one owner a person who managers not more than four residential units a resident manager who is compensated with reduced rent Who is not Required to have a Real Estate License - An auctioneer empl...