Agency
An Oregon buyer hires a broker to help find a property. Without a written buyer representation agreement, the relationship is best described as:
AA formal agency with full fiduciary duties
BA customer (non-agency) relationship unless otherwise established✓ Correct
CAn implied agency with all fiduciary duties
DAn illegal arrangement under Oregon law
Explanation
Without a written buyer representation agreement, the broker-consumer relationship defaults to a customer (non-agency) relationship in Oregon. The broker still owes duties of honesty, material fact disclosure, and reasonable care, but not the full fiduciary duties of an agent.
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