Agency
In Montana, when a buyer's agent submits an offer at a price higher than the buyer's stated maximum budget due to a misunderstanding, the agent has potentially breached the duty of:
ALoyalty to the seller
BObedience to the buyer's lawful instructions✓ Correct
CConfidentiality to the listing broker
DDisclosure to the Board of Realty Regulation
Explanation
The duty of obedience requires a Montana buyer's agent to follow the buyer's lawful instructions. Submitting an offer above the buyer's stated budget without authorization is a breach of this duty. The agent must obtain the buyer's informed consent before changing material transaction terms.
Related Montana Agency Questions
- In Montana, when a licensee represents a seller but tells the buyer that the seller will take $20,000 less than the list price to close quickly, this is a violation of:
- In Montana, a licensed real estate agent who forms a team and markets under a team name must ensure that:
- A real estate agent who purchases a listed property for themselves without disclosing their licensee status to the seller has violated their duty of:
- Under Montana agency law, an agent owes the duty of confidentiality to their client. This means the agent must NOT disclose:
- In Montana, a buyer's agent who fails to explain the full implications of a purchase contract to their buyer-client may have breached the duty of:
- In Montana, 'constructive notice' through MLS listings means that:
- In Montana, if a buyer purchases property and later discovers the listing agent concealed a known material defect, the buyer's potential remedies include:
- In Montana, a 'net listing' (where the seller receives a set amount and the broker keeps everything above that) is:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →