Agency
In Oregon, which of the following best describes a 'subagent' in a real estate transaction?
AAn unlicensed assistant to the listing broker
BA licensee who assists the client of another brokerage's principal broker, with the consent of the original broker, and owes duties to the original client✓ Correct
CA second principal broker at the same brokerage
DAn agent who works part-time on behalf of the brokerage
Explanation
A subagent is an agent of the listing broker who assists the seller in a transaction but works through a cooperating brokerage. The subagent owes fiduciary duties to the seller (not the buyer). Subagency has become less common in Oregon since the adoption of buyer agency and disclosed limited agency, but the concept still appears in licensing exam content.
Related Oregon Agency Questions
- In Oregon, a principal broker in a firm where two brokers represent opposite sides of the same transaction should:
- In Oregon, 'ministerial acts' that do NOT create an agency relationship include:
- In Oregon, what is a 'ratification' of an agent's unauthorized action?
- Under Oregon's agency law, a seller's broker owes the buyer which of the following duties?
- In Oregon, a listing broker learns that the seller's property has a cracked foundation. The seller asks the broker not to disclose this. What should the broker do?
- In Oregon, a buyer visits an open house and asks the listing agent questions about the property. What agency relationship exists?
- An Oregon seller's agent is showing the listed property to an unrepresented buyer (one without their own agent). In this situation, the seller's agent should:
- Oregon's agency disclosure law requires that the 'Initial Agency Disclosure Pamphlet' be given to consumers:
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