Agency
In Montana, when a listing agent represents the seller and receives an unsolicited offer from an unrepresented buyer, the agent should:
AAutomatically become the buyer's agent as well
BDisclose their agency relationship to the buyer and clarify that they represent the seller, not the buyer✓ Correct
CRefuse to work with unrepresented buyers
DSwitch to dual agency without any disclosure
Explanation
When dealing with an unrepresented buyer, the listing agent must clearly disclose they represent the seller and not the buyer. The agent owes the unrepresented buyer honesty and fair dealing, but their primary duty is to the seller.
Related Montana Agency Questions
- A buyer's representation agreement (buyer brokerage agreement) is important because it:
- In a Montana transaction, a cooperating broker (buyer's agent) who procures a ready, willing, and able buyer earns their commission:
- 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, what happens to the listing agreement if the listing broker dies during the listing period?
- In Montana, which document must be presented to a buyer or seller at the time of first substantial contact to explain agency relationships?
- Implied agency is created when:
- In Montana, a licensed real estate agent who forms a team and markets under a team name must ensure that:
- A Montana seller's agent discovers a material defect during a showing. The agent's duty to the buyer is to:
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