Montana License Law
Under Montana's license law, an inactive license:
AAutomatically expires after 6 months
BAllows the licensee to practice in a limited capacity
CDoes not permit the licensee to engage in real estate activities for compensation✓ Correct
DRequires the licensee to complete additional education within 30 days
Explanation
An inactive Montana real estate license means the licensee is not affiliated with a broker and cannot perform real estate activities for compensation until the license is reactivated.
Related Montana Montana License Law Questions
- The Montana Real Estate Recovery Account provides compensation to:
- A Montana real estate licensee who is also an investor purchasing properties for their own portfolio must disclose to the seller:
- A Montana licensee who violates the license law may face which of the following disciplinary actions from the Board of Realty Regulation?
- Under Montana law, which of the following actions would require a real estate license?
- Under Montana law, a real estate broker must keep transaction records for a minimum of:
- A Montana real estate broker who also acts as a mortgage broker must:
- A Montana real estate salesperson who moves to a new broker must:
- A Montana real estate salesperson who is also a licensed mortgage broker must disclose this fact to real estate clients because:
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