Agency
In Oklahoma, an agent who makes an innocent misrepresentation is:
ANot liable under any circumstances because it was not intentional
BPotentially liable because the agent has a duty to verify material representations✓ Correct
COnly liable if the buyer suffered financial loss
DProtected by the standard listing agreement
Explanation
Oklahoma agents may be held liable even for innocent misrepresentations if they fail to verify material information. The duty of care requires agents to be knowledgeable and to verify representations they make to clients.
Related Oklahoma Agency Questions
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- An agent represents a buyer in Oklahoma. The seller's agent offers the buyer's agent a bonus to 'push' the deal through. The buyer's agent should:
- The duty of loyalty in agency law requires the agent to:
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- Which statement is TRUE about gratuitous agency in Oklahoma real estate?
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