Which of the following actions is NOT allowed for a licensed salesperson?

The action that is not allowed for a licensed salesperson is conducting an appraisal. In Montana, performing appraisals requires a specialized license, as appraising properties involves specific educational requirements, training, and adherence to standards set forth by regulatory bodies. Licensed salespersons, while they are trained in real estate practices, do not have the legal authority to perform appraisals unless they also hold the requisite appraisal license.

On the other hand, performing a Comparative Market Analysis (CMA) is a common practice for licensed salespersons. This tool helps them provide clients with information on property values based on recent sales in the area, and it does not require a separate license. Similarly, giving legal advice is also outside the scope of a salesperson’s license; however, they can provide information about the real estate process and should direct clients to consult an attorney for specific legal questions.

The conduct of lotteries to sell property is either restricted or highly regulated, and such actions could be viewed as illegal under certain circumstances, further emphasizing that conducting appraisals is not within a salesperson's purview.