Montana License Law
Montana's real estate license law applies to which type of transaction?
AOnly residential real property sales
BAll real property transactions including sales, leases, exchanges, and property management for compensation✓ Correct
COnly commercial and industrial property transactions
DOnly transactions exceeding $100,000 in value
Explanation
Montana's real estate license law covers all real property activities performed for compensation, including sales, purchases, leases, exchanges, and property management of all types of real property (residential, commercial, agricultural, etc.).
Related Montana Montana License Law Questions
- Non-resident applicants for a Montana real estate license must:
- Montana requires all real estate license applicants to pass both a national and a state examination. The state examination covers:
- Which state agency regulates real estate licenses in Montana?
- A Montana licensee who violates the license law may face which of the following disciplinary actions from the Board of Realty Regulation?
- The Montana Board of Realty Regulation meets to conduct regulatory business and consists of:
- Which of the following best describes the role of the Montana Department of Labor and Industry in relation to real estate licensing?
- In Montana, a real estate salesperson license must be held under:
- Under Montana's MCA Title 37 Chapter 51, failing to disclose a material fact to a buyer is grounds for:
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