Montana License Law
Under Montana law, a real estate licensee who acts as a principal and buys a listed property from their own seller-client must:
AObtain Board approval before the transaction can close
BDisclose their licensed status and the fact they are purchasing for their own account to all parties before proceeding✓ Correct
CAutomatically terminate the listing agreement before making an offer
DUse a different broker to represent them as a buyer
Explanation
A Montana licensee purchasing a property from their own client faces a conflict of interest requiring full disclosure of their licensed status and personal interest in the transaction to all parties, including their seller-client. This ensures the client can make an informed decision about whether to proceed.
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