Agency
In Oklahoma, when does a buyer's agent's fiduciary duty to the buyer begin?
AWhen the buyer submits their first offer
BWhen the buyer and broker enter into a written buyer representation agreement, or when the agent begins acting on the buyer's behalf in a relationship of trust✓ Correct
CWhen the buyer's offer is accepted by a seller
DOnly at closing
Explanation
Agency duties begin when the relationship is established — through a written agreement or when the agent begins acting in a representative capacity on behalf of the buyer. Oklahoma encourages written buyer representation agreements to formalize the relationship and its terms.
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