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There are two main causes for states being considered non-disclosure. The first cause is that in most non-disclosure states or counties, when a real estate transaction occurs, the sale price is not required to be submitted to the county office.
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Dear Real estate agent/REALTOR® name, Thank you so much for your help with buying/selling our home. You made the process simple and easy to understand for us and we appreciated your patience and expertise. Your insight was extremely valuable to us and I don't think we could have done this without you.
Montana Real Estate License RequirementsBe at least 18 years of age.Complete 10th grade or more at an accredited high school or equivalent.Complete 70 hours of prelicensing instruction within the last 24 months from a Board-approved school and instructor.Pass the Montana Salesperson Real Estate Exam.More items...
Many years ago, the Montana legislature looked at this issue and passed laws preventing the taxing authorities from using the sales price of properties as the basis for establishing taxable values. As a result, Montana became one of the non-disclosure states in the U.S.
Using that definition, 39 states and Washington D.C. allow public disclosure while the following 11 states are currently non-disclosure states: Alaska, Idaho, Kansas, Louisiana Mississippi, Montana, New Mexico, North Dakota, Texas, Utah and Wyoming (International Association of Assessing Officers, 2011; Berrens & Mckee
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The average salary for a real estate agent is $79,149 per year in Montana.
Montana is a non-disclosure state, but that doesn't mean what most people assume it means. Montana property sellers still have to make some disclosure to prospective buyers. Montana law requires very few mandatory disclosures.
The Montana Association of Realtors doesn't require that agents disclose that information. State law doesn't require disclosure of a suicide or felony, either. However, states including California, South Dakota and Alaska require you to disclose any death on a property within the last three years.