Montana License Law
Montana requires that the principal broker of a real estate brokerage be responsible for:
AOnly their own personal transactions
BAll activities conducted by the brokerage and its licensees, including proper supervision and compliance with Montana license law✓ Correct
COnly activities they personally observe
DOnly financial transactions over $10,000
Explanation
The principal broker of a Montana brokerage has overall responsibility for all licensed activities conducted under the brokerage's license, including proper supervision of all affiliated licensees and compliance with Montana license law.
Related Montana Montana License Law Questions
- A Montana real estate salesperson who moves to a new broker must:
- The Montana Board of Realty Regulation may impose which of the following penalties on a licensee found to have violated license law?
- A Montana real estate licensee who fails to maintain errors and omissions (E&O) insurance as required must:
- Under MCA Title 37 Chapter 51, the Montana Board of Realty Regulation consists of how many members?
- Under Montana license law, a licensee who becomes aware that their supervising broker is misappropriating client trust funds should:
- A Montana salesperson's license application is denied. The applicant may appeal the decision to:
- A Montana broker who wishes to collect a commission on a transaction involving property in another state must:
- A Montana real estate broker must maintain an office. The broker's office address must be:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →