Agency
Oregon's 'seller sub-agency' was historically common but is now less prevalent because:
AOregon law banned sub-agency in 2015
BMost cooperating brokers now choose to represent buyers as buyer's agents rather than acting as sub-agents of the seller✓ Correct
CSub-agency is only available for commercial transactions
DSub-agency requires a separate license in Oregon
Explanation
Sub-agency (where cooperating brokers act as agents of the seller) has declined significantly because buyer's agency became widespread. Most buyers want their own representation, and most cooperating brokers now opt to represent buyers rather than act as the seller's sub-agent.
Related Oregon Agency Questions
- An Oregon property listed on the MLS shows offers of compensation to cooperating brokers. Under current practice, this compensation offer:
- If an Oregon broker exceeds their authority and enters into a contract on behalf of their principal without authorization, the contract is:
- Under Oregon law, a broker who earns a referral fee from a lender for directing clients to that lender without disclosure is:
- In Oregon, the initial agency disclosure form must be provided to a consumer:
- Under Oregon law, an agent who represents a seller owes the buyer which of the following duties?
- An Oregon buyer's agent shows a property listed by another brokerage. The buyer makes an offer. The buyer's agent owes which duties to the seller in this transaction?
- In Oregon, which of the following best describes a 'subagent' in a real estate transaction?
- 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?
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