Agency
Sub-agency in Oregon occurs when:
AA principal broker assigns a buyer's agent to work under a senior broker
BA listing broker authorizes another brokerage's broker to act as an agent of the seller✓ Correct
CA broker creates a separate business entity to handle property management
DTwo brokers in the same office share a listing
Explanation
Sub-agency occurs when a listing broker extends agency to cooperating brokers from other firms, making them agents of the seller. Sub-agency is less common today because most cooperating brokers act as buyer's agents rather than seller's sub-agents.
Related Oregon Agency Questions
- A buyer's agent in Oregon owes which of the following duties EXCLUSIVELY to their buyer client?
- 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?
- A real estate licensee in Oregon may not act as a principal (buyer or seller for their own account) in a transaction they are involved in as an agent without:
- An Oregon broker learns from their seller that the roof was repaired 2 years ago but still has periodic leaks. The broker must:
- In Oregon, what is 'prima facie evidence' of a contract in a real estate agency relationship?
- In Oregon, a listing agent who has a personal relationship with the buyer (e.g., a family member) must:
- In Oregon, 'ministerial acts' that do NOT create an agency relationship include:
- What is the primary duty of an Oregon seller's agent (listing agent) with respect to the buyer?
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