Agency
In Oregon, the agency relationship between a listing broker and their affiliated broker is best described as:
AAn equal partnership with shared liability
BThe affiliated broker acts as the agent of the principal broker, who acts as the agent of the client✓ Correct
CAn independent contractor relationship with no agency implications
DThe affiliated broker is the client's direct agent with no connection to the principal broker
Explanation
In Oregon, the licensed principal broker is the agent of the client (seller or buyer). Affiliated brokers act as the principal broker's agents (sub-agents of the client). This creates a chain where the affiliated broker's actions bind the principal broker, who is responsible to the client. This is why principal brokers must supervise affiliated licensees.
Related Oregon Agency Questions
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