Agency
When an Oregon buyer hires a buyer's agent, the agent must disclose to the buyer all of the following EXCEPT:
AThe agent's compensation structure
BAny dual agency or conflict of interest
CThe seller's outstanding loan balance✓ Correct
DMaterial facts about the property
Explanation
A buyer's agent discloses their compensation, any conflicts of interest, and known material property facts to their buyer client. However, the seller's outstanding loan balance is the seller's private financial information — it is not something the buyer's agent has access to or a duty to disclose to the buyer.
Related Oregon Agency Questions
- In Oregon, when does a listing broker's authority to bind the seller to a sales contract arise?
- In an Oregon in-company transaction, if two different brokers from the same firm represent the buyer and seller respectively, this is called:
- Oregon's 'Initial Agency Disclosure Pamphlet' must be acknowledged by the consumer. The acknowledgment is accomplished by:
- Which type of agency relationship is created when an Oregon broker is appointed in a listing agreement to sell a property?
- An Oregon real estate broker represents a buyer. The buyer instructs the broker not to disclose to any seller that the buyer is a cash buyer. Should the broker follow this instruction?
- Under Oregon law, a real estate agent who makes a false statement knowing it to be false to induce a party to enter a transaction has committed:
- Puffing in real estate is best described as:
- In Oregon, which of the following describes 'implied agency'?
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