Agency
In Montana, 'vicarious liability' in real estate means that a broker may be legally responsible for:
AOnly their own personal actions
BThe negligent or wrongful acts of their employed salespersons committed within the scope of their agency✓ Correct
CActs of the buyer's agent in a cooperative transaction
DActs of independent contractors they hire for property management
Explanation
Vicarious liability makes a broker (principal) potentially liable for the negligent or wrongful acts of their salespersons (agents) when those acts are committed within the scope of the employment/agency relationship. This is the basis of respondeat superior.
Related Montana Agency Questions
- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
- An agent's fiduciary duty of loyalty requires the agent to:
- A Montana licensee who represents a buyer in a transaction has the duty to:
- Under Montana agency law, the duty of 'obedience' requires an agent to:
- What must a dual agent disclose to both parties in a Montana transaction?
- A Montana licensee who represents both buyer and seller in the same transaction with both parties' written consent is practicing:
- When a Montana listing expires without a sale, the listing broker:
- An agency relationship can be created by all of the following EXCEPT:
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