Montana License Law
A Montana real estate licensee who fails to maintain errors and omissions (E&O) insurance as required must:
AContinue operating until their next renewal
BNotify the Board of Realty Regulation and may face license suspension✓ Correct
COnly obtain coverage when managing commercial properties
DPay a small fine and continue without coverage
Explanation
Montana requires active real estate licensees to maintain E&O insurance or enroll in the state-sponsored program. Failure to maintain required E&O coverage must be reported to the Board and can result in license suspension until compliance is restored.
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