Agency
An Oregon buyer's agent who also holds a mortgage broker license offers to arrange the buyer's mortgage. The agent must:
AChoose between acting as buyer's agent and mortgage broker — they cannot do both in the same transaction
BDisclose both roles and any compensation from both sources, and obtain the buyer's written consent✓ Correct
COnly disclose the mortgage broker role and not the buyer agency role
DProceed without disclosure since both licenses are valid
Explanation
When a broker holds both a real estate license and a mortgage broker license and both roles apply to the same transaction, they must fully disclose all roles and all compensation from each source, and obtain written informed consent from the buyer. Failure to do so violates Oregon's disclosure requirements.
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