Agency
If an Oregon broker acting as a seller's agent receives a written offer from an unrepresented buyer, the broker should:
ARefuse to present the offer to the seller because the buyer is unrepresented
BPresent the offer to the seller while ensuring the unrepresented buyer understands the broker represents only the seller✓ Correct
CAutomatically become the buyer's agent to help facilitate the transaction
DRequire the buyer to hire an attorney before the offer can be presented
Explanation
A seller's agent must present all written offers to the seller, including those from unrepresented buyers. The broker should clarify to the buyer that they represent only the seller — not the buyer.
Related Oregon Agency Questions
- A buyer's agent in Oregon who provides advice about the investment quality of a property they are representing may be at risk of liability for:
- In Oregon, which of the following describes 'implied agency'?
- Under Oregon agency law, which of the following is NOT one of the seller's agent's duties to the seller?
- 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:
- The duty of 'accounting' in an agency relationship requires the agent to:
- Sub-agency in Oregon occurs when:
- Oregon requires that an agency agreement between a broker and a buyer client must:
- Which type of agency relationship is created when an Oregon broker is appointed in a listing agreement to sell a property?
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