Agency
In Oregon, what must a licensee do if they have a personal interest in a property they are helping a client purchase?
AProceed without disclosure since it's the client's decision
BDisclose the personal interest in writing to the client before the transaction proceeds✓ Correct
CRemove themselves from the transaction automatically
DOnly disclose if the client asks about the agent's interests
Explanation
Oregon agency law requires full written disclosure when a licensee has a personal financial interest in a property their client is purchasing. This protects clients from undisclosed conflicts of interest where the agent's judgment might be influenced by their own financial gain. Failing to disclose is a violation of ORS Chapter 696 and fiduciary duty.
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