Montana License Law
A Montana buyer's agent who receives a bonus from the seller for bringing a full-price offer must:
ARefuse the bonus as it creates a conflict of interest
BDisclose the bonus to the buyer and obtain their consent, or decline it✓ Correct
CAccept the bonus and not disclose since it came from the seller's side
DReport the bonus to the Montana Board of Realty Regulation only
Explanation
A buyer's agent who receives additional compensation from the seller (even a bonus) must disclose this to their buyer client and obtain consent. Undisclosed compensation to an agent from a third party violates fiduciary duty and Montana license law.
Related Montana Montana License Law Questions
- A Montana broker who wishes to collect a commission on a transaction involving property in another state must:
- Montana law requires that all advertising by a real estate licensee must include:
- The Montana Board of Realty Regulation is composed of members appointed by:
- Under MCA Title 37 Chapter 51, how many hours of pre-license education must a salesperson candidate complete before sitting for the Montana real estate exam?
- Which of the following activities would constitute 'unlicensed practice' of real estate in Montana?
- A Montana real estate salesperson who moves to a new broker must:
- Under Montana's license law, an inactive license:
- Which state agency regulates real estate licenses in Montana?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →