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Real Estate Salesperson Exam — National Portion

Agency (MT): practice questions

Our Real Estate (National) bank has 8 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Montana

What must a Montana seller agent disclose to a buyer?

  1. The seller's lowest acceptable price
  2. Known adverse material facts
  3. The seller's motivation for selling
  4. Nothing, since the buyer is a customer
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B. Known adverse material facts — MCA 37-51-313(3)(a).

Question 2 · Montana

Is a Montana party liable for their agent's misrepresentation?

  1. Always, for anything the agent says
  2. Only if they knew or it's their own claim
  3. Only sellers, never buyers
  4. Never, under any circumstances
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B. Only if they knew or it's their own claim — MCA 37-51-315(1).

Question 3 · Montana

Must a Montana seller agent inspect the property or verify the seller's statements?

  1. Yes, before every showing
  2. No
  3. Only for homes before 1978
  4. Only if the buyer asks in writing
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B. No — MCA 37-51-313(3)(a).

Question 4 · Montana

When must a Montana buyer agent give the buyer the initial disclosure?

  1. At the closing table
  2. On signing the buyer agreement
  3. At the first property showing
  4. Never; it is optional
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B. On signing the buyer agreement — MCA 37-51-314(3)(a).

Question 5 · Montana

When must a Montana seller agent give the seller the initial relationship disclosure?

  1. At the closing table
  2. On signing the listing
  3. When the first offer comes in
  4. Only if the seller asks
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B. On signing the listing — MCA 37-51-314(2)(a).

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