Montana License Law
A Montana real estate broker who decides to close their brokerage must:
ASimply stop taking new listings and let existing ones expire
BNotify the Board of Realty Regulation, properly handle all active listings and pending transactions, transfer licensee affiliations, and properly close and account for trust accounts✓ Correct
CTransfer all funds to the state immediately
DSurrender the principal broker's license but keep salesperson licenses active
Explanation
Closing a Montana brokerage requires proper wind-down: notifying the Board, completing or transferring active transactions, providing proper notice to affiliated licensees, and properly accounting for all trust funds before closing the accounts.
Related Montana Montana License Law Questions
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