Agency
In Oregon, if a buyer is not represented by a buyer's agent, the listing agent may offer to provide 'transaction coordinator' services. What does this mean?
AThe listing agent will equally represent both buyer and seller
BThe listing agent helps coordinate the mechanics of the transaction without representing the buyer as an advocate — the buyer is an unrepresented customer✓ Correct
CThe listing agent provides the buyer with legal advice
DThe listing agent becomes the buyer's fiduciary upon accepting the role
Explanation
When a buyer is unrepresented, a listing agent may offer to assist them as a 'transaction coordinator' or 'facilitator' — helping with paperwork and process — without representing the buyer's interests as an agent would. The listing agent continues to represent the seller.
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