Agency
In Oregon, when an agent represents both the buyer and seller in the same transaction without proper disclosure and consent, this is called:
ADisclosed limited agency
BUndisclosed dual agency — an illegal practice✓ Correct
CSubagency
DTransaction brokerage
Explanation
Undisclosed dual agency — representing both buyer and seller in the same transaction without proper written disclosure and consent from both parties — is illegal in Oregon. It violates the duty of loyalty to both clients simultaneously and is grounds for OREA disciplinary action, license revocation, and civil liability.
Related Oregon Agency Questions
- An Oregon buyer is working with a broker from the same firm that listed the property they want to purchase. If the buyers want full representation, they should request:
- When a buyer's agent presents an offer to the listing agent in Oregon, and the listing agent agrees to hold the offer without presenting it to the seller for 3 days, this is:
- Oregon's 'Initial Agency Disclosure Pamphlet' must be acknowledged by the consumer. The acknowledgment is accomplished by:
- In Oregon, an agent is showing property to a buyer who discloses they have been pre-approved up to $600,000 but are hoping to pay $500,000. What should the agent do with this information?
- What is the primary difference between a 'buyer representation agreement' and a 'buyer's agency agreement' in Oregon?
- An Oregon buyer's agent shows the buyer a property that is also listed by the buyer's agent's principal broker. In this situation:
- In Oregon, which of the following describes 'implied agency'?
- When a buyer's agent in Oregon refers a client to a mortgage lender and receives a referral fee, what must they do?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →