Agency
A Montana listing agent is required to use 'reasonable care and diligence' in performing their duties. This means they must:
AAchieve perfect results in every transaction
BApply the skill and care that a reasonably competent, licensed real estate agent would apply in the same or similar circumstances✓ Correct
CFollow all of the seller's instructions no matter how unreasonable
DGuarantee the property will sell at list price
Explanation
The duty of reasonable care and diligence requires agents to perform at the level of a reasonably competent licensed professional—providing accurate information, proper advice, timely communication, and skilled representation. Perfection is not required.
People Also Study
Related Montana Questions
- Under Montana agency law, an agent owes the duty of confidentiality to their client. This means the agent must NOT disclose:Agency
- An agent's duty of reasonable care and diligence in a real estate transaction includes:Agency
- A Montana listing agent's duty to preserve the seller's confidential information continues:Agency
- A Montana appraiser must be state-certified to perform appraisals for federally related transactions. Which level of certification is required for complex residential appraisals over $400,000?Property Valuation
- A Montana real estate broker who trains their agents about fair housing compliance should emphasize that the prohibition on steering means agents must:Fair Housing
- A Montana licensee working with a buyer in a transaction where their firm also holds the listing must:Agency
- In Montana, an exclusive agency listing means:Contracts
- Under Montana law, a landlord must provide a tenant with proper written notice before entering the rental unit for non-emergency purposes. The required notice period is:Property Management
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
State-Specific Concepts
Continuing Education
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 →