Montana License Law
In Montana, a real estate company that operates as a property management firm for residential rentals must ensure that:
AAll employees are licensed regardless of their duties
BAll activities requiring a real estate license (negotiating leases, collecting rents for others, managing properties for compensation) are performed by licensed personnel under broker supervision✓ Correct
CThe company is registered with HUD
DOnly attorneys may manage residential properties
Explanation
Montana's license law requires that property management activities performed for compensation (leasing, collecting rents, managing) be performed by licensed real estate agents under the supervision of a licensed broker. Administrative and maintenance staff may be unlicensed.
Related Montana Montana License Law Questions
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