Agency
In Oregon, a 'designated agency' means:
AOREA designates specific agents for specific transaction types
BA brokerage designates specific agents within the same firm to represent the buyer and seller separately, maintaining confidentiality between them✓ Correct
CAn agent designated as a principal broker's official representative
DA national designation requiring 500 hours of advanced training
Explanation
Designated agency is a form of agency where a brokerage that represents both buyer and seller in the same transaction designates different affiliated agents to represent each party. The designated agents act as exclusive representatives of their respective clients, maintaining confidentiality between them — a more robust form of protection than traditional disclosed limited (dual) agency.
Related Oregon Agency Questions
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- In Oregon, which of the following describes 'implied agency'?
- What is the 'duty of obedience' owed by an Oregon agent to their client?
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- In Oregon, which of the following best describes a 'subagent' in a real estate transaction?
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