Agency
In Oregon, the duty of 'due care' in an agency relationship requires the broker to:
AGuarantee the accuracy of all information in the MLS listing
BUse the knowledge, skills, and care that a reasonably competent real estate professional would exercise✓ Correct
CInspect all systems of the property personally
DProvide the client with a written home warranty
Explanation
The duty of due care (competence) requires a real estate agent to use the level of knowledge, skill, and care that a reasonably competent real estate professional would exercise in similar circumstances. This includes staying current with market conditions, laws, and professional practices.
Related Oregon Agency Questions
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- An Oregon buyer hires a broker to help find a property. Without a written buyer representation agreement, the relationship is best described as:
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