Agency
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:
AThis is required by federal HUD regulations only
BThis represents a potential conflict of interest that buyers should know about when evaluating the listing agent's recommendations✓ Correct
CThis is required only for commercial properties
DThis creates a dual agency that automatically requires Board approval
Explanation
When a listing agent also manages (or is affiliated with management of) the property for sale, there may be a conflict of interest. Buyers should be aware of this relationship when evaluating information and recommendations provided by the listing agent.
Related Montana Agency Questions
- In Montana, a seller's broker is NOT obligated to disclose to buyers which of the following?
- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
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