Agency
In Montana, a seller's agent must disclose which of the following to the buyer?
AThe seller's motivation for selling and minimum acceptable price
BMaterial facts about the property that affect its value or desirability✓ Correct
CConfidential information about the seller's financial situation
DThe terms of other competing offers
Explanation
Even though a seller's agent represents the seller, they must disclose material facts about the property to all parties, including buyers. Material facts include known defects, environmental issues, or other conditions that affect the property's value or desirability. Personal information about the seller remains confidential.
Related Montana Agency Questions
- When does a listing agency agreement typically terminate?
- In Montana, which document must be presented to a buyer or seller at the time of first substantial contact to explain agency relationships?
- A cooperating broker who works with a buyer but is a subagent of the listing broker owes fiduciary duties to:
- In Montana, 'puffing' by a real estate agent (exaggerated praise of the property) becomes actionable misrepresentation when:
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- In Montana, a salesperson who leaves their employing broker to work for another broker:
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- Under Montana law, a buyer's agent owes which of the following duties to the buyer client?
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