Montana real estate exam Flashcards

Montana real estate exam Flashcards When my broker wait longer than the specified time to deposit earnest money?When the purchase agreement provides otherwise Certificates of water rate transfer files with the:Department of natural resources and conservation

Sales person may:Take listings with the brokers consent and approval

I really state licensee should disclose known defects to the buyer in which of the following situations?In all situations If a zoning ordinance conflicts with a restrictive covenant:The more limiting of the two controls Under which of the following circumstances me the border realty regulation settle disputes between a broker and sales person regarding the payment of a commission?Under no circumstances Upon the first receipt by a sales person or broker, earnest

money must be deposited within:

72 hours Several prospective buyers have made offers on one of your listing properties. Another possible purchaser, Kirkland, Inc., is also interested in making an offer on the apartment. As the seller's agent, it is legal for you to tell

Kirkland:

Several other offers have been maid Which of the following methods would most likely be used to describe a very large Montana ranch property?Government survey system When my broker guarantee that profitable results from the resale of a property?Never On the same day, a broker receives three faxed offers on a listing property from three potential buyers. In which manner should the broker present the offers to the seller?Present all three offers at the same time A sales person decides to switch supervising brokers. The sales person has how many days to notify the board in writing?10 Pierce has a buyer broker agreement. Pierce may legally receive a commission from?Any party with the knowledge and consent of the buyer

At closing, the sales price would be a credit to the:Seller

Husband and wife in Montana have a deed which specifies that they hold the property under a tenancy by the entirety.

A couple:

Holds title and the most appropriate manner The buyer of habitable property must be given a Montana

radon gas disclosure statement:

At the time the offer is made Upon expiration of a residential lease, the landlord deducts from the security deposit for damages caused by the tenant. The balance of the security deposit must be returned to the tenant within how many days of the termination of the lease?30

Which of the following will terminate a buyer agency agreement?Death of the buyer The revocation our suspension of her real estate license

may be appealed to the:

District court

Violation of the license laws is:Misdemeanor

Sales person has numerous listings, including several that are scheduled for closing. The sales person decides to affiliate with a different broker. Which of the following is correct?Both the listings and the closings remain with the old broker when the sales person believes with the new broker The Montana border realty regulation has the power to do which of the following?Adopt rules regulating the real estate professional Montana Sarah is a licensed real estate broker who does not have a listing, is not a subagent of the seller And has no buyer

broker agreement. Siri is an example of a:

Statutory broker Without yet having a signed listing, a sales person may

place a for sale sign on a property:

Under no circumstances The sales person receiving earnest money should

probably:

Deliver the money to the sales person sponsoring broker A MT broker must keep trust account records for? 8 years The members of the Montana border realty regulation are:Appointed by the governor The real estate firm is excused from having a trust account

if the clients funds are held:

Buy a title insurance company The closing of the sale of a commercial property in Montana, the entry for the earnest money deposit would

be:

Credit to the buyer