Agency
An Oregon buyer's agent shows a property listed by another brokerage. The buyer makes an offer. The buyer's agent owes which duties to the seller in this transaction?
AFull fiduciary duties, including loyalty and confidentiality
BNo duties whatsoever
CDuties of honesty, material fact disclosure, and reasonable care only✓ Correct
DThe same duties owed to the buyer client
Explanation
In Oregon, a buyer's agent owes non-client parties (such as the seller in a buyer-agency transaction) the duties of honesty, disclosure of material facts affecting the property, and reasonable care. Full fiduciary duties of loyalty and confidentiality are owed only to the buyer client.
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