Montana License Law
Under Montana law, a real estate licensee who acts as an unlicensed person by allowing their license to lapse while continuing to practice:
AIs only subject to a small administrative fee
BMay face criminal charges and loss of any earned commissions✓ Correct
CCan obtain retroactive license reinstatement with no penalty
DIs protected if they disclose the lapsed status to clients
Explanation
Practicing real estate in Montana without a valid license is illegal and can result in criminal charges. Additionally, unlicensed persons may be unable to recover earned commissions.
Related Montana Montana License Law Questions
- A Montana real estate licensee who practices 'churning' (encouraging clients to buy and sell repeatedly primarily to generate commissions) may be violating their duty of:
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- Under Montana's license law, an inactive license:
- A Montana licensee who fails to complete their continuing education requirements by the renewal deadline will:
- When a Montana real estate broker changes their business address, they must notify the Board of Realty Regulation within:
- Under Montana's MCA Title 37 Chapter 51, failing to disclose a material fact to a buyer is grounds for:
- A Montana real estate licensee who wishes to practice property management must:
- A Montana licensee who discovers after closing that they made a material misrepresentation to the buyer should:
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