Agency
What is 'vicarious liability' in the context of Oregon real estate agency law?
AWhen a buyer holds the seller liable for misrepresentation
BWhen a principal broker may be held liable for the wrongful acts of affiliated licensees acting within the scope of their authority✓ Correct
CWhen a licensee is personally liable for a client's tax obligations
DWhen OREA holds a licensee liable for a third party's misconduct
Explanation
Vicarious liability holds a principal broker potentially responsible for the unlawful or negligent acts of affiliated licensees when those acts occur within the scope of their licensed activities. This is why principal brokers must maintain adequate supervision of affiliated licensees — their failure to supervise can create liability for the brokerage.
Related Oregon Agency Questions
- 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:
- In Oregon, a 'designated agency' means:
- Agency by estoppel can be created when:
- Under Oregon agency law, a 'disclosed limited agent' is a broker who:
- In Oregon, 'ministerial acts' that do NOT create an agency relationship include:
- What is a 'net listing' in Oregon, and what is OREA's position on it?
- In Oregon, which of the following best describes a 'subagent' in a real estate transaction?
- Oregon requires that an agency agreement between a broker and a buyer client must:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →