Montana real estate - Study guides, Class notes & Summaries

MONTANA REAL ESTATE EXAM NEW EXAM UPDATE

Montana Real Estate Unit 6(Timeshares); Questions with Complete Solutions

MONTANA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. 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 situat...

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 broker who does not ha...

MONTANA REAL ESTATE SALESPERSON EXAM QUESTIONS AND ANSWERS. VERIFIED. Tenancy in Severalty - -One person or Corporation owns Tenancy in Common - -Equal or unequal undivided ownership between 2 or more people. Upon decease, shares are passed on to Heirs Joint Tenancy - -4 Unitys: Interest-each owner has same interest Possession: all owners hold undivided interest Time: interest received at same time Title: all owners acquire their interest with the same deed If one owner dies, interest...

Montana Timeshare Act -:- Title 37, Chapter 53 Timeshares include -:- structures, campgrounds, campsites, outdoor recreation sites, spaces for trailer, tent, camper, or similar portable device Selling/ transferring a time share -:- -must be registered with the state of Montana -provide a prospective purchaser with a written public offering statement before the prospective purchaser signs an agreement for the purchase of a timeshare Cancelling timeshare purchase agreement -:- -Wit...

MONTANA REAL ESTATE EXAM – DEEDS QUESTIONS AND ANSWERS, GRADED A+/ The General Warranty Deed is also known as: - -Warranty Deed Which deed provides the best protection for a buyer? - -General Warranty Which deed gives no guarantees but transfers whatever ownership interest the grantor has? - -Special Warranty Deed The deed most commonly used in America for both residential and commercial transactions is the: - -Warranty Deed What document is generally used to transfer ownership of p...

MONTANA REAL ESTATE EXAM - CONTRACT OF SALE QUESTIONS AND ANSWERS, GRADED A+. 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 A seller who defaults on a con...

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...