Oregon License Law
A broker who assists both parties in a transaction and fails to disclose the dual representation to both parties is:
AActing within ethical guidelines as long as they treat all parties fairly
BViolating Oregon's agency disclosure laws✓ Correct
CPermitted if the total commission earned is reasonable
DOnly required to disclose if asked by one of the parties
Explanation
Oregon law requires full written disclosure of dual agency (disclosed limited agency) and written consent from both parties BEFORE the broker begins representing both. Failing to disclose dual representation is a serious violation of Oregon agency disclosure law.
Related Oregon Oregon License Law Questions
- The primary purpose of the Oregon Real Estate Agency (OREA) is to:
- The Oregon Association of REALTORS (OAR) is:
- Under Oregon law, the term 'principal broker' means a licensee who:
- An Oregon principal broker license requires the applicant to have held an active broker license for at least how long?
- A broker who violates Oregon real estate license law may be subject to which of the following penalties?
- The Oregon Real Estate Agency may issue a cease-and-desist order when:
- How many hours of continuing education must Oregon real estate brokers complete per renewal cycle?
- In Oregon, what is the minimum age requirement to obtain a real estate broker license?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →