Agency
What must a dual agent disclose to both parties in a Montana transaction?
AOnly the final sale price after closing
BThe nature of the dual agency relationship and that the agent cannot exclusively advocate for either party✓ Correct
CThe buyer's maximum purchase price
DThe seller's lowest acceptable offer
Explanation
A dual agent must disclose to both parties that they represent both buyer and seller and that they cannot exclusively advocate for either party's interests. Both parties must provide written informed consent.
Related Montana Agency Questions
- In Montana, the term 'procuring cause' is significant in determining which broker earns a commission because it refers to:
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