Montana Law Exam Questions and Answers 100% Correct

Montana Law Exam Questions and Answers 100% Correct A salesperson who discovers defects on a listed property should advise: - Answer- Both the buyer and seller. A salesperson should: - Answer- Give earnest money to the broker. License revocations or suspensions may be appealed to: - Answer- The district court. The principal broker's license is revoked. The other broker and salesperson's licenses in the office are: - Answer- Suspended. The amount of the sales commission is contained in the: - Answer- Listing. A salesperson with a suspended license receives a commission split: - Answer- Misdemeanor. The buyer must be given a written radon gas disclosure statement: - Answer- Prior to signing a contract of sale. A landlord wishes to terminate a month-to-month residential lease. When is the earliest the lease may be terminated? - Answer- In 30 days. A broker who represents neither the seller nor the buyer is a: - Answer- Statutory broker. A broker maybe the agent of: - Answer- Either party if there is a written agreement with that party. Earnest money must be deposited within 72 hours (3 business days) of receipt of the: - Answer- Earnest money.