Agency
Under Montana law, confidential information learned during a buyer agency relationship:
AMay be shared with the seller to facilitate a sale
BMust be kept confidential even after the agency relationship ends✓ Correct
CExpires after 90 days and may then be shared
DIs only protected during the active listing period
Explanation
Confidential information obtained during an agency relationship must be kept confidential even after the agency relationship has ended, protecting the client's interests on an ongoing basis.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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