Montana real estate - Study guides, Class notes & Summaries
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MONTANA REAL ESTATE EXAM NEW EXAM UPDATE
- Exam (elaborations) • 3 pages • 2023
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MONTANA REAL ESTATE EXAM NEW EXAM UPDATE
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Montana Real Estate Unit 6(Timeshares); Questions with Complete Solutions
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Montana Real Estate Unit 6(Timeshares); Questions 
with Complete Solutions
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MONTANA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED.[LATEST EXAM UPDATES]
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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...
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MONTANA REAL ESTATE SALESPERSON EXAM QUESTIONS AND ANSWERS. VERIFIED.[LATEST EXAM UPDATES]
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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...
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Montana real estate exam Questions and Correct Answers | Latest Update
- Exam (elaborations) • 6 pages • 2024
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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...
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Montana Real Estate Exam Questions and Correct Answers | Latest Update
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Montana Real Estate Exam Questions and Correct Answers | Latest Update
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Montana Real Estate Unit 6(Timeshares) Questions and Correct Answers | Latest Update
- Exam (elaborations) • 5 pages • 2024
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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...
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MONTANA REAL ESTATE EXAM – DEEDS QUESTIONS AND ANSWERS, GRADED A+/[LATEST EXAM UPDATES]
- Exam (elaborations) • 2 pages • 2024
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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...
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MONTANA REAL ESTATE EXAM - CONTRACT OF SALE QUESTIONS AND ANSWERS, GRADED A+.[LATEST EXAM UPDATES]
- Exam (elaborations) • 2 pages • 2024
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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...
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Professional Home Inspector Exam NHIE / TREC Questions and Answers Already Passed
- Exam (elaborations) • 63 pages • 2022
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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...
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