MT Real Estate case studies

MT Real Estate · Put your knowledge to work in context.

The Montana real estate salesperson license is the entry-level credential that allows a person to be employed by a licensed Montana real estate broker to list, market, and sell real property, and to perform related activities under that broker's supervision. It is for career-changers and new entrants who want to work in residential resale, commercial brokerage, land and ranch sales, property management, or referral and leasing work - Montana's market spans small-town residential, agricultural acreage, and resort and recreational property, so the exam tests general principles applied to a wide variety of property types. The MT Real Estate case studies are 5 cases and about 3,307 words.

Open House, Referral Fee, and a Lapsed License

Dana is a licensed Montana salesperson at Summit Realty. In March, Dana's unlicensed assistant, Kai, hosts a Sunday open house at Dana's listing alone, tells two visitors the seller "would probably take 18,000 under list," and posts a Facebook ad reading "Dana Homes Group - call Kai for a free market analysis of your home." Separately, Dana refers a buyer to a title company and accepts a 300 check made payable to Dana personally.

606 words, about 3 min 2

Two Confidences at One Open House

At a Summit Realty open house, licensee Priya represents the seller of a 520,000 house. Buyer Marcus walks in alone and, after twenty minutes, tells Priya: "We're pre-approved to 560,000 and honestly we'd pay full price to get into this school district." Priya knows from the listing file that the seller told her principal broker: "If someone offers $500,000 cash with a quick close, take it - I'm relocating in six weeks." Marcus then asks Priya to help him write an offer, to "tell us what the seller will really take," and finally asks whether Priya can "just be our agent too." Priya's broker says dual representation is fine and tells her to "keep both sides happy.".

642 words, about 3 min 3

Title Commitment With a Judgment Lien and a Fence

Buyer Elena is under contract on a 1.2-acre parcel in Gallatin County for 615,000. The title commitment shows: (1) a 2016 deed of trust securing the seller's original loan, now 298,000; (2) a 2022 judgment lien of $42,000 recorded against the seller from a credit-card lawsuit; (3) a 1979 recorded utility easement across the north 20 feet; (4) a survey note that the neighbor's fence has sat 9 feet inside Elena's west boundary for at least 12 years; and (5) a standard exception for "rights of tenants in possession." Elena wants the judgment lien and the easement removed, and she plans to build a shop inside the fenced area.

723 words, about 4 min 4

Owner Instructions That Cross the Fair Housing Line

Licensee Tom manages 14 units for owner Rita. Another applicant mentions she is pregnant and unmarried.

699 words, about 3 min 5

Closing Day Prorations and Commission Splits

Closing on a Missoula house is set for Friday, March 14. Price: 485,000; the buyer finances 388,000 and pays the remainder in cash.

637 words, about 3 min