Agency
In Oregon, when a buyer's agent submits an offer, they are acting as what type of agent?
AA general agent with broad authority to bind the buyer
BA special agent with limited authority specifically to find and negotiate for a property✓ Correct
CA universal agent with authority to act for the buyer in all matters
DA subagent of the listing broker
Explanation
A buyer's agent in Oregon is typically a special agent — one with limited, specific authority related to the particular task of finding and negotiating the purchase of real property. Unlike a general agent (with broad ongoing authority) or universal agent (with authority for all matters), a special agent's authority is defined by the buyer agency agreement and the specific transaction.
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