Montana real estate - Study guides, Class notes & Summaries

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...

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...

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 ...

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 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 ...

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...

Real Estate Montana final exam solution

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...