Montana laws and rules Study guides, Class notes & Summaries

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...

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 have a listing, is...

The State of Warner is one of the few with a population of a rare animal, the yellow-bellied sapsucker. A state statue forbids hunting and trapping yellow bellied sapsuckers and authorizes game wardens to seize and destroy any traps they find. A federal consumer safety regulation regulates the design of such traps to prevent them from pinching the finger of people who set the traps. Does the federal regulation preempt the state statute? Explain. - Answer No, the federal regulation does not pr...

Montana Rules & Regulations Verified Solutions What is considered the purpose of the Guaranty Association? “Protect insureds from insolvent insurers” An insurance company that has qualified and received a Certificate of Authority from the Insurance Department to sell insurance in this state is called a(n): “Authorized insurer” Replacing an insurance policy from one insurer to another based on misrepresentation is called: “Twisting” An insurance company that is owned a...

NUR 1290 FINAL QUESTIONS WITH COMPLETE ANSWERS UPDATED 2024 (100% CORRECT) Purpose of code of ethics - ANSWER The values and ethics are the heart of the code of ethics that constitutes nursing as a profession; the code acts as a general guide primarily to the members of the profession but also informs other professional groups and society as a whole. Outcome of tuskegee study - ANSWER the irb boards lack of trust by african american community Ethical dilemma in health care what's true ab...

A Habitual Offender's License is revoked for - Answer 3 years A person who has an out-of-state license becomes a MT resident for the purpose of licensing, and is required to obtain a MT driver's license after being in the state for - Answer 60 days Tail lights must be visible for - Answer 500 feet SCHOOL BUS STOP AHEAD means - Answer there is a school bus stopping area ahead At railroad crossings - Answer stop if there is any question about safety When passing ano...

WGU C233 Employment Law Exam Questions with 100% correct answers 2024, With Complete Solution. Supremacy Clause The Constitution mandates that the Constitution, federal law, treaties, and federal regulations are the highest laws of the land and have priority over state law Independent Contractor the employer is not subject to wage and hour laws, anti-discrimination laws, federal employee tax withholdings, or vicarious liability law. the IRS has a keen interest in ensuring employers are not...

True or False: When a notary takes an acknowledgement, the document must be signed in the notary's presence. - Answer False If a notarial certificate reads, "This record was signed and sworn before me by John Customer on 1/1/22" the notary must perform: A. An Acknowledgement notarial act B. Witness a signature notarial act C. Verification upon oath or affirmation - Answer C. Verification upon oath or affirmation True or False: A Montana notary is allowed to notarize a documen...

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 ...