Montana License Law
In Montana, a real estate licensee who acts as the principal (buyer or seller) in a real estate transaction must fully disclose their licensee status because:
AIt automatically raises the price they can charge or accept
BThe other party should know they may be at an informational disadvantage, since the licensee has professional real estate knowledge and training✓ Correct
CMontana law requires licensees to pay higher commissions in their own transactions
DThe Board of Realty Regulation must approve all transactions by licensees
Explanation
When a licensee is a party in a transaction, the other party may be at an informational disadvantage. Disclosure allows the other party to seek their own professional representation if they choose, ensuring informed decision-making.
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