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Real Estate Salesperson Exam — National Portion

Insurance (MT): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Montana

What is the largest deductible allowed per claim on Montana E&O policies?

  1. $1,000
  2. $2,500
  3. $5,000
  4. $10,000
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B. $2,500 — MCA 37-51-325.

Question 2 · Montana

What insurance must an active Montana licensee keep?

  1. Auto liability insurance
  2. Errors and omissions
  3. Title insurance on each listing
  4. Flood insurance on each listing
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B. Errors and omissions — MCA 37-51-325(1).

Question 3 · Montana

What is the minimum per-claim limit for Montana E&O policies?

  1. $50,000
  2. $100,000
  3. $250,000
  4. $500,000
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B. $100,000 — MCA 37-51-325(4)(b) and (6).

Question 4 · Montana

What is the minimum annual aggregate for Montana E&O policies?

  1. $100,000
  2. $200,000
  3. $300,000
  4. $1 million
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C. $300,000 — MCA 37-51-325.

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