Agency
In Montana, a broker's 'policy on agency' must be disclosed to consumers because:
AFederal law requires it in all 50 states
BMontana requires brokers to inform clients about what types of agency relationships the brokerage offers✓ Correct
CIt determines the commission rate charged
DIt is required only for commercial transactions
Explanation
Montana requires brokers to disclose their brokerage's agency policy to consumers, informing them of the types of agency relationships the brokerage offers (seller agency, buyer agency, dual agency, etc.).
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 buyer's agent who has a personal friendship with the seller's agent should disclose this relationship to their buyer-client because:
- In Montana, a real estate agent who represents the buyer in a transaction must NOT do which of the following without the buyer's consent?
- In Montana, a 'general agent' has authority to:
- A Montana listing agent who knows the seller will accept less than the listed price has a duty to:
- A Montana buyer's agent discovers that their client's offer was rejected and the property sold to another buyer. The agent should:
- In Montana, a listing agreement that provides compensation to the broker if the property is sold 'by anyone' during the listing period is called a(n):
- In Montana, a buyer who works with an agent for an extended period and makes multiple offers that are all rejected may argue an 'implied agency' relationship exists if the agent has:
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