Agency
In Oklahoma, a buyer's agent who represents a purchaser in a transaction where the seller is also represented must:
AAlways share confidential buyer information with the listing agent
BMaintain the buyer's confidentiality while disclosing material facts about the property to the buyer✓ Correct
CAct as a dual agent automatically
DRefuse to cooperate with the listing agent
Explanation
A buyer's agent in Oklahoma has a fiduciary duty to the buyer, which includes maintaining confidentiality of the buyer's motivations, financial limits, and negotiating positions, while also ensuring the buyer receives all material facts about the property.
Related Oklahoma Agency Questions
- An Oklahoma seller's agent who advises the seller on a fair listing price is providing which type of service?
- An Oklahoma listing agent who learns the seller is under extreme financial pressure to sell should:
- Under Oklahoma law, a designated agency arrangement means:
- The difference between actual authority and apparent authority in Oklahoma agency law is:
- In an Oklahoma designated agency arrangement, the broker:
- The duty of loyalty in agency law requires the agent to:
- In Oklahoma, which statement about a buyer's representation agreement is TRUE?
- An Oklahoma listing agent discovers a crack in the foundation that the seller did not mention. The agent must:
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