Agency
In Oregon, a listing agent discovers that a neighbor recently told them the property had significant mold issues three years ago. The seller is unaware of this. What must the agent do?
AKeep the information confidential since it involves a third party
BDisclose the information to the seller so the seller can investigate and make appropriate disclosures✓ Correct
COnly disclose if the mold issue was documented in writing
DDisclose directly to buyers without telling the seller
Explanation
Under Oregon agency law, a listing agent who receives material information about a property (even from a third party) must disclose it to their seller client. The seller can then investigate, obtain professional assessments, and determine what needs to be disclosed to buyers. The agent cannot simply ignore material information that affects the property's condition or value.
Related Oregon Agency Questions
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