Real estate montana - Study guides, Class notes & Summaries

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 real property given in a will is referred to as a - devise Joe and Kathy want to purchase a home in a neighborhood where they are familiar with the school system, and know the teachers in the public school that their son will attend. Their interest in this type of property is ca...

Professional Home Inspector Exam NHIE / TREC Questions and Answers Already Passed Document Content and Description Below Professional Home Inspector Exam NHIE / TREC Questions and Answers Already Passed The inspector is not required to determine ____ ___ of any system or component. -Years of age -Life expecta ncy -Make model Horizontal waste pipe should slope ____ inch per foot 1/4" per foot if < 3 inch pipe. 1/8" per foot if > or = to 3 inch pipe Drip screed Also called weep screed. U...

Montana Real Estate Exam Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

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 Property Manager is - 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 Property Manager's license - is not needed buy a close relative of a property owner a manager who works for only one owner ...

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...

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 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...

Montana Real Estate Exam; Questions and Answers

Montana Real Estate Exam ; Questions and Answers

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...