Agency
A buyer's agent in Oregon who provides advice about the investment quality of a property they are representing may be at risk of liability for:
AUnlicensed practice of law
BProviding investment advice without securities or financial planning credentials
CExceeding their duties under agency law
DAll of the above✓ Correct
Explanation
Oregon real estate licensees who provide specific investment advice (e.g., projected returns, appreciation rates as facts) without proper credentials may run afoul of securities law, investment advisor regulations, and may exceed the scope of their real estate license. Agents should confine advice to their licensed expertise and recommend financial/tax professionals.
Related Oregon Agency Questions
- An Oregon listing broker discovers a material defect in the listed property that the seller wants kept secret. The broker's correct action is to:
- If an Oregon seller instructs their agent to reject all offers below $500,000, and the agent receives a $485,000 offer, the agent should:
- An Oregon buyer hires a broker to help find a property. Without a written buyer representation agreement, the relationship is best described as:
- Oregon law requires that when a licensee presents a written offer to purchase to a seller, the seller must be informed:
- In Oregon, if a buyer is not represented by a buyer's agent, the listing agent may offer to provide 'transaction coordinator' services. What does this mean?
- Under Oregon law, a real estate broker who acts as a buyer's agent earns their compensation by:
- Under Oregon law, which of the following is a non-waivable duty owed to ALL parties regardless of agency relationship?
- When an Oregon buyer hires a buyer's agent, the agent must disclose to the buyer all of the following EXCEPT:
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