Escrow & Title
In Montana, the most common method of holding title for a married couple is:
ATenancy by the entirety
BTenancy in common or joint tenancy, as Montana does not recognize tenancy by the entirety✓ Correct
CCommunity property
DLife estate with remainder
Explanation
Montana does not recognize tenancy by the entirety or community property. Married couples typically hold property as tenants in common or joint tenants with right of survivorship.
Related Montana Escrow & Title Questions
- In Montana, a 'quiet title action' is a court proceeding used to:
- In Montana, a title insurance policy insures against loss from defects in title that 'first arise after the policy date' only in limited circumstances such as:
- In Montana, a 'discharge of mortgage' or 'deed of reconveyance' must be recorded after loan payoff within:
- In Montana, a 'quitclaim deed' is most commonly used in real estate transactions to:
- The HUD-1 Settlement Statement has been replaced for most residential mortgage transactions by the:
- What is the chain of title?
- In Montana, a buyer's right to review the closing disclosure must be respected by ensuring:
- In Montana, a buyer's 'due diligence period' after contract acceptance is important because it provides time to:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →