Agency
In Oregon, a disclosed limited agency (dual agency) arrangement requires which of the following?
AVerbal consent from both buyer and seller
BWritten consent from all parties after full disclosure✓ Correct
CApproval from the Oregon Real Estate Agency
DNo consent — it is automatically permitted
Explanation
Oregon allows disclosed limited agency (similar to dual agency) only with written informed consent from all parties — both buyer and seller. OREA requires brokers to explain the limitations of representing both parties before obtaining this consent, to protect consumer interests.
Related Oregon Agency Questions
- In Oregon, what is 'prima facie evidence' of a contract in a real estate agency relationship?
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- Under Oregon law, which of the following is a non-waivable duty owed to ALL parties regardless of agency relationship?
- The Oregon Initial Agency Disclosure Pamphlet must be provided to a consumer BEFORE the broker:
- 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:
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- Under Oregon law, a real estate agent who makes a false statement knowing it to be false to induce a party to enter a transaction has committed:
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