Montana real estate - Study guides, Class notes & Summaries

Contract of Sale-Montana Real Estate Exam; Questions with Complete Solutions

MONTANA REAL ESTATE EXAM NEW EXAM UPDATE 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 Sarah is a licensed real estate ...

MONTANA REAL ESTATE EXAM NEW EXAM UPDATE 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 Sarah is a licensed real estate ...

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...

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...

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? -:- Right of equity The buyer under a contract of sale has: -:- Equitable title The seller in a purchase contract situation is the: -:- Vendor The vendee has: -:- Equitable title 2 | P a g e | G r a d e A + | 2 0 24 / 2 0 2 5 2 0 2 4 /2025 | © copyright | This work may ...

Real Estate Montana final exam solution

The inspector is not required to determine ____ ___ of any system or component. - Answer- -Years of age -Life expectancy -Make model Horizontal waste pipe should slope ____ inch per foot - Answer- 1/4" per foot if < 3 inch pipe. 1/8" per foot if > or = to 3 inch pipe Drip screed - Answer- Also called weep screed. Used at the base/bottom of stucco walls to release moisture. Pressure Vacuum Breaker (PVB) - Answer- Used for Backflow Prevention. Lawn Irrigation systems: install...

REAL ESTATE MONTANA EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ 2 reasons the lender could call upon balance due of your mortgage? - -Default, and resale A baskin and Robbins I've cream store is a nonconforming use in a residentially zone area. The business is destroyed by a fire. Can it be rebuilt as an ice cream store? - -No, the stores nonconforming use is terminated by the destruction of the property A broker learns about a zone change which may have substantial effect on the p...

The local utility company dug up Cameron's garden to install a natural gas line. The company claimed it had a valid easement and proved it through the county records. Cameron claimed the easement was not valid because he did not know about it. The easement - was valid even though the owner did not know about it Tommy owns 4.5 acres of land for which he paid $200,000. Ken owns the lot adjacent to Tommy; and needs room to build a chicken shed on his property, and wants to buy a strip of Tomm...