Agency
In Montana, a 'cooperating broker' in an MLS transaction is the broker who:
ALists the property for sale
BBrings the buyer to the transaction and is offered a portion of the commission by the listing broker✓ Correct
CManages the escrow account
DSupervises both the listing and selling agents
Explanation
In MLS transactions, the cooperating broker (or 'selling broker') is the broker who finds the buyer. The listing broker offers a portion of the total commission (the buyer's agent/cooperative commission) to the cooperating broker.
Related Montana Agency Questions
- In Montana, a real estate broker who owns a property management company and manages properties they list for sale must disclose this to potential buyers because:
- A Montana seller's agent discovers a material defect during a showing. The agent's duty to the buyer is to:
- A real estate agent who acquires a property they were hired to purchase for a client for their own benefit has committed:
- An agent who has authority to act for a principal as granted by a written agency agreement has:
- In Montana, the term 'special agent' in real estate describes an agent who:
- In Montana, a real estate broker who 'farms' a specific geographic area for new listings should understand that cold-calling 'do not call' registered numbers to solicit listings may violate:
- A real estate agent who purchases a listed property for themselves without disclosing their licensee status to the seller has violated their duty of:
- In Montana, a real estate agent who has a family member interested in buying a property listed by the agent's firm must:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →