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Video Guide on Montana Real Estate Law management

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Commonly Asked Questions about Montana Real Estate Law

Montana is one of just eleven states prohibiting public disclosure of real estate sales prices (please see the attached chart, Real Estate Price Disclosure by State).
Montana Death Disclosure Montana has no law requiring disclosure of death on a property. State law specifically prohibits suicides or felonies from being disclosed by an agent. Real Estate Death Disclosure by State Map | Spaulding Decon Spaulding Decon state-by-state-maps Spaulding Decon state-by-state-maps
Montana law stipulates that a small estate must have a total value below certain thresholds to qualify. Specifically, an estate with a total value under $50,000 may use the small estate affidavit procedure, while estates valued under $100,000 may qualify for summary administration.
Montana is one of just eleven states prohibiting public disclosure of real estate sales prices (please see the attached chart, Real Estate Price Disclosure by State). Public Disclosure of Real Estate Sales Price Montana State Legislature (.gov) Interim Meetings July-2014 Montana State Legislature (.gov) Interim Meetings July-2014 PDF
Your Guide to Real Estate Reciprocity in Montana The Montana Board of Realty Regulation does not offer formal licensing reciprocity. However, if youre a real estate agent licensed in another state and wish to sell real estate in Montana, you can apply for a license through the Out-of-State Licensee/Waiver Process.
If you are unmarried and die without a valid will and last testament in Montana, then your entire estate goes to any surviving children in equal shares, or grandchildren if you dont have any surviving children. If you die intestate unmarried and with no children, then by law, your parents inherit your entire estate.
Montana Sellers Obligation to Disclose Known Mold Issues (See M.C.A. 70-16-703 (2003).) If mold testing has been done, youll need to advise prospective buyers of that, too, and give them a copy of the results as well as evidence of any follow-up mitigation or treatment. Selling a Montana Home: What Are My Disclosure Obligations? Nolo legal-encyclopedia selling-m Nolo legal-encyclopedia selling-m