Which of the following best describes designated agency in Montana?
Correct Answer
B) Separate agents within the same brokerage each independently represent the buyer and seller
In Montana, designated agency occurs when a broker designates separate agents within the same brokerage to independently represent the buyer and the seller in the same transaction. Each designated agent acts solely in their client's interest, avoiding the conflicts inherent in dual agency.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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