Montana License Law
A Montana licensee who discovers after closing that they made a material misrepresentation to the buyer should:
ADo nothing since the transaction has already closed
BConsult legal counsel and consider corrective action or disclosure even after closing✓ Correct
CContact only the Montana Board of Realty Regulation
DNotify only the broker, not the affected buyer
Explanation
Discovering a post-closing material misrepresentation is a serious matter. The licensee should consult legal counsel immediately. Depending on the circumstances, disclosure or correction may be required to avoid ongoing liability.
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