Agency
Oregon requires that an agency agreement between a broker and a buyer client must:
AAlways be in writing before any services are provided
BBe established verbally and then confirmed in writing within 5 days
CBe in writing if it is to be enforceable✓ Correct
DBe filed with OREA within 10 days of execution
Explanation
While an agency relationship can be created verbally or by conduct, a buyer representation agreement must be in writing to be enforceable (so the broker has a right to compensation). Oregon requires written agreements for enforceable agency contracts.
Related Oregon Agency Questions
- In Oregon, when does a listing broker's authority to bind the seller to a sales contract arise?
- Under Oregon law, a real estate broker who acts as a buyer's agent earns their compensation by:
- In Oregon, the initial agency disclosure form must be provided to a consumer:
- An Oregon seller gives their listing agent permission to disclose the seller's lowest acceptable price to potential buyers to help move the property quickly. The agent may:
- Under Oregon law, which of the following is a non-waivable duty owed to ALL parties regardless of agency relationship?
- An Oregon buyer's agent who is also the principal broker discovers that the property their buyer wants to purchase is owned by the broker's parent. The broker must:
- A listing broker in Portland agrees to act as a 'seller's agent.' The buyer is unrepresented. The broker's duty to the buyer is:
- An Oregon property listed on the MLS shows offers of compensation to cooperating brokers. Under current practice, this compensation offer:
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