Agency
Oklahoma's Broker Relationships Act (BRA) allows which of the following agency options for a broker?
ARepresenting only sellers in all transactions
BActing as a seller's agent, buyer's agent, dual agent (with consent), designated agent, or transaction broker✓ Correct
CRepresenting only one party per calendar year
DActing only as a subagent through another broker
Explanation
Oklahoma's BRA provides a flexible framework allowing brokers to act as a seller's agent, buyer's agent, dual agent (with written consent), designated agent, or transaction broker/facilitator depending on the needs of the parties.
Related Oklahoma Agency Questions
- Which statement best describes a transaction broker in Oklahoma?
- An Oklahoma buyer's agent learns that her client plans to offer significantly below asking price because the client is a cash buyer and can close in 14 days. Regarding the seller, the agent should:
- Under Oklahoma law, when a licensee represents a buyer in a new construction transaction, the licensee should advise the buyer to:
- Which of the following would terminate an agency relationship in Oklahoma?
- In an Oklahoma designated agency arrangement, the broker:
- Under Oklahoma law, an agent who exceeds the authority granted by their principal is:
- An agent's duty of 'obedience' to a client means:
- In Oklahoma, buyer representation agreements should ideally be:
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