Agency
In Montana, the term 'fiduciary' in real estate agency means the licensee must act:
AIn the best financial interest of the real estate firm
BWith the utmost good faith, loyalty, and fidelity toward their principal✓ Correct
CIn the best interest of completing the transaction
DPrimarily for the benefit of the other party in the transaction
Explanation
A fiduciary relationship in Montana real estate requires the agent to act with utmost good faith, loyalty, integrity, and fidelity toward their principal (client). The agent's interests and the interests of third parties are subordinated to the client's interests in all matters related to the representation.
Related Montana Agency Questions
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- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
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