Contracts
In Montana, a real estate broker who is not a licensed attorney should not:
AComplete standard purchase contract forms approved for use by brokers
BDraft complex legal documents such as custom trust agreements or specialized easement language✓ Correct
CExplain the general meaning of contract provisions to clients
DWrite offers using approved Montana Association of Realtors forms
Explanation
Montana real estate brokers may complete standard transaction forms approved for licensee use, but drafting complex custom legal documents (such as trust agreements, unique easement language, or specialized commercial contracts) constitutes the unauthorized practice of law. Clients should be referred to a licensed attorney for complex legal drafting.
Related Montana Contracts Questions
- In Montana, consideration in a real estate contract is typically:
- Under Montana law, a real estate broker's commission is earned when:
- In Montana, 'closing costs' associated with a real estate transaction are typically allocated between buyer and seller in accordance with:
- In Montana, a 'purchase agreement' and a 'sales contract' for real estate are:
- A Montana purchase agreement for residential property typically includes an inspection contingency that allows the buyer to:
- A lease-purchase agreement differs from a standard lease because it:
- In Montana, an 'exculpatory clause' in a commercial lease that releases the landlord from liability for negligence is:
- Fraud in a real estate contract exists when a party makes:
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