Agency
In Montana, when a listing broker is dealing with an unrepresented buyer, the broker should provide a written explanation of:
AWhy the buyer should hire an agent
BWhat agency relationship (if any) exists between the broker and the buyer, and the limitations of any assistance provided✓ Correct
CWhy the property is correctly priced
DWhat the commission amount will be
Explanation
Montana requires licensees to explain their agency relationship (or lack thereof) to unrepresented buyers. The listing broker represents the seller and can explain this relationship and its implications for the buyer in writing.
Related Montana Agency Questions
- In Montana, a listing agreement that provides compensation to the broker if the property is sold 'by anyone' during the listing period is called a(n):
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