Agency
A Montana listing broker who is approached by a potential buyer inquiring about the property should at first contact:
ATell the buyer nothing until they sign a buyer agency agreement
BProvide the buyer with the agency disclosure form explaining the brokerage's agency relationships✓ Correct
CImmediately present any offers the buyer might have
DRefer the buyer to a different brokerage
Explanation
Montana requires licensees to provide the agency disclosure (Disclosure of Real Estate Brokerage Relationships) at first substantial contact with a buyer or seller to explain the nature of agency relationships available.
Related Montana Agency Questions
- In Montana, an agent who overstates a property's features or potential to a buyer to motivate a purchase may be liable for:
- A Montana real estate team operates within a brokerage. The individual agents on the team are licensed as:
- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
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- Under Montana law, a buyer's agent owes which of the following duties to the buyer client?
- A real estate agent who purchases a listed property for themselves without disclosing their licensee status to the seller has violated their duty of:
- An agency relationship can be created by all of the following EXCEPT:
- A Montana licensee who represents both buyer and seller in the same transaction with both parties' written consent is practicing:
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