Agency
In Montana, when an agent represents a buyer in a transaction, the seller's agent knows which party the buyer's agent represents. This arrangement is called:
AUndisclosed dual agency
BCooperative (co-brokerage) transaction with known agency relationships on both sides✓ Correct
CSingle agency with no subagency
DTransaction brokerage on both sides
Explanation
In a cooperative transaction in Montana, the listing broker represents the seller and the cooperating (buyer's) broker represents the buyer. Both agents know each other's agency relationships.
Related Montana Agency Questions
- In Montana, a real estate broker who owns a property management company and manages properties they list for sale must disclose this to potential buyers because:
- A buyer's agent in Montana has a fiduciary duty to:
- When does a listing agency agreement typically terminate?
- The duty of accounting in a real estate agency relationship requires the agent to:
- A Montana licensee working with a buyer in a transaction where their firm also holds the listing must:
- A seller's agent who discovers the buyer is unrepresented must:
- A buyer's agent who reveals to the seller that the buyer must purchase a home within 30 days or lose relocation benefits has violated which duty?
- In Montana, designated agency allows:
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