Agency
Under Montana law, an agent's fiduciary duty of 'loyalty' means the agent must:
ABe loyal to the transaction above all else
BPut the client's interests above the agent's own interests and those of third parties✓ Correct
CMaintain loyalty to the brokerage firm's financial interests
DBe loyal to both buyer and seller equally in all transactions
Explanation
The fiduciary duty of loyalty requires an agent to place their client's interests above their own personal interests and those of third parties, avoiding conflicts of interest and acting solely in the client's best interests.
Related Montana Agency Questions
- An agent's duty of reasonable care and diligence in a real estate transaction includes:
- In Montana, a salesperson who leaves their employing broker to work for another broker:
- A Montana licensee acting as a transaction broker (non-agent) owes the parties:
- The Montana Broker Disclosure Form must be provided at first substantive contact. 'First substantive contact' in Montana typically means:
- A Montana licensee working with a buyer in a transaction where their firm also holds the listing must:
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- An agency relationship can be created by all of the following EXCEPT:
- A Montana buyer's agent who negotiates aggressively on behalf of the buyer is fulfilling their duty of:
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