Montana License Law
Under Montana license law, a real estate broker who accepts compensation from more than one party in a transaction must:
ARefuse all compensation to avoid conflicts
BDisclose this fact in writing to all parties and obtain their informed consent✓ Correct
COnly accept compensation from the buyer
DReport the transaction to the Board of Realty Regulation
Explanation
Montana license law requires that a broker who receives compensation from more than one party in a transaction disclose this arrangement to all parties in writing and obtain their informed consent, avoiding undisclosed conflicts of interest.
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Key Terms to Know
State-Specific Concepts
License Law
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