A Montana real estate broker is found guilty by the MBRR of misrepresenting material facts to a buyer in a residential transaction. The MBRR has revoked the broker's license. The broker immediately applies for a new Montana real estate license. Under Montana law, which of the following is most likely?
Correct Answer
A) The broker's application for a new license will be denied or subject to MBRR review, as prior revocation is grounds for denial of a new license.
Under MCA Title 37, Chapter 51, a prior license revocation is a ground for denial of a subsequent license application. The MBRR has authority to deny a new license application from a person whose previous license was revoked for disciplinary reasons. The Board will review the application and circumstances, and approval is not automatic. A revocation for misrepresentation is a serious violation that will heavily weigh against issuance of a new license.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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