Montana License Law
Montana requires real estate brokers to maintain trust account records for a minimum of:
A1 year
B3 years
C5 years✓ Correct
D7 years
Explanation
Montana license law requires brokers to maintain trust account records, transaction files, and other required documents for a minimum of 5 years, making them available for inspection by the Board of Realty Regulation.
Related Montana Montana License Law Questions
- Under Montana law, a real estate advertisement must include:
- Under Montana law, which of the following actions would require a real estate license?
- What is the minimum passing score required on the Montana real estate salesperson exam?
- A Montana real estate licensee who accepts a referral fee from a home warranty company without disclosing it to their client has:
- A Montana broker who wishes to operate as an independent sole proprietorship must:
- A Montana real estate licensee's license is considered 'lapsed' when:
- Under Montana's license law, an inactive license:
- A Montana salesperson's license application is denied. The applicant may appeal the decision to:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →