Agency
What is the primary difference between a 'buyer representation agreement' and a 'buyer's agency agreement' in Oregon?
AThey are synonymous terms for the same document✓ Correct
BA buyer representation agreement focuses on transaction coordination; a buyer's agency agreement establishes fiduciary duties
CA buyer representation agreement is for commercial; a buyer's agency agreement is for residential
DOne requires OREA filing; the other does not
Explanation
In Oregon real estate, 'buyer representation agreement' and 'buyer's agency agreement' are generally synonymous terms referring to the same type of written contract establishing the broker-client relationship between a buyer and their broker. Both establish agency, define compensation, and set the scope and term of representation. The terms are used interchangeably in Oregon practice.
Related Oregon Agency Questions
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