Agency
A listing broker in Portland agrees to act as a 'seller's agent.' The buyer is unrepresented. The broker's duty to the buyer is:
AFull fiduciary duties including loyalty and confidentiality
BNo duties whatsoever
CDuties of honesty, disclosure of known material facts, and reasonable care✓ Correct
DOnly to submit written offers to the seller
Explanation
Even when representing only the seller, an Oregon broker owes the unrepresented buyer duties of honesty, disclosure of known material facts affecting the property, and reasonable care. These are non-agency duties owed to all parties — they do not create a buyer's agency relationship.
Related Oregon Agency Questions
- Under Oregon agency law, an agent's 'duty of obedience' is limited by:
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- Under Oregon law, which of the following is a characteristic of a special agency relationship created by a listing agreement?
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