Contracts
Under Montana law, if a party to a real estate contract dies before closing, the contract:
AAutomatically voids immediately upon death
BGenerally does not automatically terminate—the deceased party's estate steps into their position and may be obligated to complete the transaction✓ Correct
CAutomatically converts to a rental agreement
DReverts to the prior owner
Explanation
In Montana, the death of a party generally does not automatically void a real estate contract. The deceased party's estate (through the personal representative/executor) typically inherits the contractual rights and obligations.
Related Montana Contracts Questions
- A Montana seller accepts a full-price offer but the transaction later fails because the buyer's lender requires repairs the seller refuses to make. If the contract has a financing contingency, the buyer:
- In Montana, a 'residential purchase agreement' typically includes specific provisions for what happens if the property does not appraise at the purchase price. A standard appraisal contingency allows the buyer to:
- In Montana, 'integration clause' (also called 'entire agreement' or 'merger clause') in a real estate contract states that:
- Under Montana law, a 'right of first refusal' that is included in a deed:
- In Montana, 'closing costs' associated with a real estate transaction are typically allocated between buyer and seller in accordance with:
- In Montana, a real estate broker who is not a licensed attorney should not:
- A Montana purchase agreement allows the buyer to conduct a 'due diligence' period. During this time, the buyer typically may:
- In Montana, an 'assignment' of a real estate purchase contract allows:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →