Agency
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:
AHonor the seller's request since the seller is the client
BDisclose the defect to all prospective buyers because Oregon licensees have a duty to disclose known material facts✓ Correct
CWithdraw from the listing immediately without telling the buyer
DPlace the information in the MLS remarks field only
Explanation
Under ORS 696.805 and the Oregon Real Estate Agency rules, licensees have an affirmative duty to disclose known material facts about a property that could affect a buyer's decision. This duty overrides client confidentiality — a licensee cannot follow a seller's instruction to conceal material defects from buyers.
Related Oregon Agency Questions
- An Oregon buyer's agent who is also the principal broker discovers that the property their buyer wants to purchase is owned by the broker's parent. The broker must:
- Which type of agency relationship is created when an Oregon broker is appointed in a listing agreement to sell a property?
- In an Oregon seller agency relationship, which of the following is NOT a duty owed by the seller's agent to the seller?
- Sub-agency in Oregon occurs when:
- In Oregon, when an agent represents both the buyer and seller in the same transaction without proper disclosure and consent, this is called:
- In Oregon, the initial agency disclosure form must be provided to a consumer:
- When an Oregon broker represents a seller, the broker's fiduciary duties to the seller include:
- Under Oregon agency law, which of the following is NOT one of the seller's agent's duties to the seller?
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