Montana License Law
When a Montana real estate firm closes or a broker retires, active licensees affiliated with that broker must:
AAutomatically become independent brokers
BTransfer their licenses to another licensed broker within the timeframe allowed by the Board✓ Correct
CStop all real estate activity permanently
DObtain a new license before resuming activities
Explanation
When a Montana broker's license is terminated or a firm closes, affiliated salesperson and associate broker licensees must transfer to another supervising broker. During the transition period, they may not conduct licensed real estate activities.
Related Montana Montana License Law Questions
- In Montana, a licensee who wishes to become a broker must complete additional education beyond the salesperson curriculum. The broker's pre-license education requirement is:
- How many hours of pre-license education are required to sit for the Montana real estate salesperson exam?
- Montana real estate licensees must complete how many hours of continuing education per license renewal period?
- A Montana broker who wishes to open a branch office must:
- Which of the following actions is grounds for disciplinary action by the Montana Board of Realty Regulation?
- 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 may impose which of the following penalties on a licensee found to have violated license law?
- A Montana real estate license is required for which of the following activities when performed for compensation?
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