Agency
In Montana, a licensed real estate agent who forms a team and markets under a team name must ensure that:
AThe team name includes the word 'team' to avoid confusion
BAll team advertising includes the supervising broker's name or the brokerage name as required by Montana license law✓ Correct
CThe team is registered as a separate corporation
DOnly the team leader communicates with clients
Explanation
Montana license law requires all advertising—including team advertising—to clearly identify the supervising broker or brokerage. A team name alone does not satisfy this requirement; the brokerage affiliation must be clear.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
State-Specific Concepts
License Law
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