Agency
Under Oregon law, a real estate broker who performs a property management function (collecting rents, maintaining the property) without a written property management agreement is:
AActing appropriately since property management doesn't require a written agreement
BPotentially violating license law since property management agreements should be in writing✓ Correct
CExempt from license law if acting as an employee
DPermitted since verbal agreements are enforceable
Explanation
Oregon real estate law requires written agreements for property management relationships to be enforceable and to clearly define the scope of the manager's authority. Operating without a written property management agreement creates potential liability and licensing issues.
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