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Montana Real Estate Salesperson Exam: Study Guide & Practice  /  Real Estate Prep

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Montana Real Estate Salesperson Exam: Study Guide & Practice Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Which of the following can happen to a tenant if he causes damage to a rental property?

Question 2 2. If a property manager commits a fair housing violation, who could face government penalties?

Question 3 3. A _______ clause in a deed of trust or mortgage permits a nonjudicial foreclosure.

Question 4 4. A ____ gives a deed in lieu of foreclosure, and a ____ receives it.

Question 5 5. What is one advantage to having the correct agency agreement?

Question 6 6. What type of agency relationship can be created when a principal delegates authority that the agent accepts?

Question 7 7. Calvin not only has to make a loan payment every month but also escrow payments for insurance and taxes. Which of the following is the most precise name we can call Calvin's payment?

Question 8 8. How will the escrow agent typically know when he can release the property he is holding?

Question 9 9. Which of the following is not appropriate for the deposit into a broker's trust account?

Question 10 10. When a firm is advertising through online communications, which of the following is NOT required?

Question 11 11. What does EPCRA stand for?

Question 12 12. Which of the following is not a phase in the process of Environmental Assessment?

Question 13 13. Which of the following conditions could reasonably result in a seller being held liable? In none of these situations has the buyer been given any disclosure information.

Question 14 14. Why is it important that a seller disclose the location of a well on his or her property?

Question 15 15. Which of the following is correct about FHA loans?

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Montana Real Estate Salesperson Exam: Study Guide & Practice Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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