Agency
An Oklahoma buyer's agent discovers that the property their buyer wants to purchase is being sold by the agent's own family member, creating a personal interest. The agent should:
AProceed without disclosure because personal relationships don't affect agency
BFully disclose the relationship to the buyer in writing and allow the buyer to decide whether to proceed with this agent or seek different representation✓ Correct
CWithdraw from the transaction immediately without explanation
DTransfer the buyer to another agent in the same office without disclosure
Explanation
When an agent has a personal interest in a transaction (family member as the other party), this creates a potential conflict of interest. The agent must disclose this relationship to the buyer in writing.
Related Oklahoma Agency Questions
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- When an Oklahoma real estate agent represents both the buyer and seller in the same transaction (dual agency), they must:
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