Agency
In Montana, when a buyer's agent also receives compensation from the seller (through a cooperative commission arrangement), the buyer's agent must:
ARefuse all compensation from the seller's side
BDisclose this compensation arrangement to the buyer✓ Correct
COnly accept compensation from the buyer directly
DObtain approval from the Montana Board of Realty Regulation
Explanation
When a buyer's agent receives compensation from the seller's side (as is common in cooperative commission arrangements), this must be disclosed to the buyer. Full transparency about compensation maintains trust and fulfills fiduciary duties.
Related Montana Agency Questions
- Termination of a listing agreement by mutual consent requires:
- Implied agency is created when:
- A buyer's representation agreement (buyer brokerage agreement) is important because it:
- The Montana Broker Disclosure Form must be provided at first substantive contact. 'First substantive contact' in Montana typically means:
- What is the primary purpose of the Montana Broker Disclosure Form?
- A real estate agent who acquires a property they were hired to purchase for a client for their own benefit has committed:
- A Montana broker who represents a seller in a listing agreement is the seller's:
- An agent's duty of reasonable care and diligence in a real estate transaction includes:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →