Montana Real Estate Salesperson Exam — All Questions
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Which body licenses and regulates real estate salespersons and brokers in Montana?
- a.The Montana Association of Realtors
- b.The Montana Board of Realty Regulation✓
- c.The Montana Department of Revenue
- d.The county clerk and recorder
Real estate licensing in Montana is administered by the Board of Realty Regulation, which operates within the Department of Labor and Industry under the state's real estate license law (Title 37, Chapter 51). The Board issues, renews, and disciplines licenses and adopts rules. A trade association such as the Montana Association of Realtors is a private group with no licensing authority.
In Montana, a salesperson may perform licensed real estate activity only when:
- a.Licensed under and supervised by a licensed broker✓
- b.Operating independently once licensed
- c.Approved individually by the Board for each sale
- d.Registered with the county treasurer
A Montana salesperson's license is valid only while the salesperson is licensed under and supervised by a licensed broker. Licensed activity is conducted for the supervising broker, who is responsible for supervision and trust funds. A salesperson may not accept compensation directly from a consumer; commissions flow through the supervising broker.
The Montana Board of Realty Regulation may discipline a licensee for which of the following?
- a.Advertising a listing with the owner's consent
- b.Referring a client to a licensed inspector
- c.Commingling client trust funds with the broker's personal funds✓
- d.Belonging to a professional association
Commingling or converting client trust money is a serious violation of Montana license law and a common basis for discipline, along with fraud, misrepresentation, and dishonest dealing. The Board may reprimand, fine, suspend, or revoke a license after due process. Authorized advertising, ordinary referrals, and association membership are not violations.