Agency
Under Oklahoma's agency law, a licensee has a duty of 'skill, care, and diligence' that requires:
AOnly performing tasks the licensee is specifically contracted to do
BExercising the knowledge, skill, and effort of a reasonably competent real estate professional✓ Correct
CHaving a perfect outcome in every transaction
DOnly referring complex matters to attorneys
Explanation
The duty of skill, care, and diligence requires an Oklahoma licensee to exercise the level of knowledge, skill, and effort that a reasonable and competent real estate professional would apply in similar circumstances.
Related Oklahoma Agency Questions
- An Oklahoma buyer's representative agreement typically includes:
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- If an Oklahoma listing agreement is an exclusive right to sell, the listing broker earns a commission if:
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- An Oklahoma buyer's agent who earns a commission from the seller's proceeds is:
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