Agency
An Oregon buyer is working with a broker from the same firm that listed the property they want to purchase. If the buyers want full representation, they should request:
ADual agency with the same broker representing both parties
BDesignated agency where two different brokers in the firm each exclusively represent one party✓ Correct
CSub-agency through a different brokerage
DTransactional brokerage with no agency
Explanation
Designated agency is the solution for in-company transactions where both buyer and seller want full representation. The principal broker designates one broker for the buyer and a different broker for the seller, so each party has their own exclusive advocate.
Related Oregon Agency Questions
- In Oregon, an agent who 'volunteers information harmful to the seller's interests' to a buyer without the seller's permission may be violating which duty?
- In Oregon, when an agent makes an error in completing a purchase agreement that harms their client, they may be liable for:
- What is 'material latent defect' in Oregon real estate and how does it differ from a 'patent defect'?
- In Oregon, what is a 'buyer's premium' in the context of real estate auctions?
- In Oregon, a transaction where a licensed broker acts as the buyer and is purchasing property must include which disclosure?
- 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:
- A seller in Eugene tells their listing agent they will not sell to an out-of-state buyer. What should the Oregon agent do?
- An Oregon buyer makes an offer on a property. The seller's agent tells the buyer 'the seller will take $15,000 less than asking price.' The agent has:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →