Agency
Which statement best describes a transaction broker in Oklahoma?
AAn agent who represents the seller exclusively
BA neutral facilitator who assists both parties without representing either✓ Correct
CAn agent who represents the buyer exclusively
DA dual agent with written consent
Explanation
A transaction broker in Oklahoma assists both the buyer and seller in completing the transaction but does not represent either party as a fiduciary agent. They provide limited ministerial services to both sides.
Related Oklahoma Agency Questions
- An Oklahoma agent who represents a seller must present all offers regardless of:
- In Oklahoma, which statement about a buyer's representation agreement is TRUE?
- An Oklahoma real estate agent's duty of 'loyalty' to their client means the agent must:
- Agency by ratification occurs when:
- Under Oklahoma's agency disclosure requirements, which of the following must be disclosed by a dual agent?
- A buyer's agent in Oklahoma owes which fiduciary duty that a seller's agent does NOT owe to the buyer?
- An Oklahoma real estate agent who is a designated buyer's agent in a firm that also has a designated seller's agent for the same transaction (designated agency) means:
- An Oklahoma buyer's agent who knows the seller is financially distressed and desperate to sell should:
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