Agency
Under Montana law, designated agency allows the designating broker to:
ACollect double commissions in a dual agency situation
BAppoint one agent to represent the seller and another to represent the buyer within the same brokerage✓ Correct
CWaive all fiduciary duties for both parties
DCombine the buyer's and seller's funds in a single escrow account
Explanation
Designated agency allows the broker to designate separate agents within the same firm to represent buyer and seller individually, each owing full fiduciary duties to their respective client.
Related Montana Agency Questions
- In Montana, which document must be presented to a buyer or seller at the time of first substantial contact to explain agency relationships?
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- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
- When a Montana seller terminates a listing agreement without cause before the expiration date, the broker may be entitled to:
- An agent's duty of reasonable care and diligence in a real estate transaction includes:
- A Montana buyer's agent who has a personal friendship with the seller's agent should disclose this relationship to their buyer-client because:
- In Montana, the term 'procuring cause' is significant in determining which broker earns a commission because it refers to:
- The Montana Broker Disclosure Form is NOT required to be provided when:
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