Montana Law - State portion Study Guide Exam Questions Fully Solved.
3 views 0 purchase
Course
Montana Laws and Rules
Institution
Montana Laws And Rules
How many members are in on the Board of Realty Regulation, who appoints them, and where are they located? - Answer 7 persons, the Governor, Helena
What power does the board have? - Answer Subpoena documents and witnesses
Issue an injunction against any licensee
Reprimand a licensee
P...
Montana Law - State portion Study
Guide Exam Questions Fully Solved.
How many members are in on the Board of Realty Regulation, who appoints them, and where are they
located? - Answer 7 persons, the Governor, Helena
What power does the board have? - Answer 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 boards rules are laws, what is the charge for violating them? - Answer A misdemeanor offense, but
not a felony.
Who is NOT required to have a real estate license? - Answer >Owners or Lessors selling or leasing their
OWN property.
>Auctioneers employed by an owner.
>Anyone acting under court order - e.g. A sheriff conducting a sheriffs sale.
>People buying or selling road right-of-way or buying or selling oil and gas leases.
Who is required to have a broker or salesperson license? - Answer A broker or salesperson negotiating
the sale or leasing of real estate with or without the expectation of getting paid.
What is the magic number for most of the TQ's in the state portion of the exam? - Answer 10.
A salesperson whose supervising broker dies, is disabled (no longer licensed) and they MUST notify the
board within 10 days.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestSolver9. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
