Agency
A Montana licensee who represents both buyer and seller in the same transaction with both parties' written consent is practicing:
ASingle agency
BSub-agency
CDual agency✓ Correct
DTransaction brokerage
Explanation
Dual agency occurs when a licensee or brokerage represents both the buyer and the seller in the same transaction. In Montana, dual agency requires written informed consent from both parties.
People Also Study
Related Montana Questions
- In Montana, if a buyer's agent writes an offer for their client on a property listed by the same brokerage firm, and the firm chooses to practice dual agency, both parties must provide:Agency
- When a Montana broker represents both the buyer and seller in the same transaction (dual agency), this must be:Agency
- A Montana real estate licensee who represents both buyer and seller as a disclosed dual agent must obtain consent from both parties:Agency
- Montana law requires a real estate licensee to disclose to all parties to a transaction:Montana License Law
- Dual agency in Montana occurs when:Agency
- Montana law requires that all advertising by a real estate licensee must include:Montana License Law
- Under Montana law, a real estate licensee must disclose to all parties in a transaction that they are a licensed real estate agent when they are buying or selling property for:Montana License Law
- Montana requires all real estate advertising to be truthful and not misleading. If a licensee advertises a 'guaranteed sale' program, they must:Montana License Law
Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Study This Topic
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →