When a Montana licensee wishes to purchase a property listed with their own firm, what must they do?
Correct Answer
B) Disclose their status as a licensed real estate agent to the seller
Under Montana law, when a licensee intends to purchase property — especially one listed with their own firm — they must disclose their status as a licensed real estate agent to the seller. This disclosure requirement protects the seller from any informational or negotiating advantage the licensee may hold.
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