Under Oklahoma law, which of the following is NOT a recognized type of agency relationship that a licensed Oklahoma broker may enter into with a client in a real estate transaction?
Correct Answer
C) Undisclosed dual agency
Undisclosed dual agency is NOT a recognized or permissible agency relationship under Oklahoma law. While dual agency itself is permitted in Oklahoma, it is only lawful when both parties have received full written disclosure and have provided informed written consent. An undisclosed dual agency — where the broker secretly represents both parties without disclosure — is a violation of Oklahoma's agency disclosure statutes and constitutes grounds for disciplinary action by OREC.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Question
Background Knowledge for Agency
Real World Application in Agency
Related Topics & Key Terms
Key Terms:
More Agency Questions
Which duty requires an agent to keep the principal informed of all material facts?
Under agency law in Nevada, dual agency is:
Under agency law in Hawaii dual agency is:
All correctly describe listing brokers and property managers except:
A New York dual agent must have:
- → Vermont requires agency disclosure:
- → Vermont real estate licensees are regulated by the:
- → Under California law, dual agency is:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → Under agency law in NH, disclosed dual agency is:
- → If a 16-year-old emancipated minor wishes to sell real property, their broker may:
- → All of the following actions create an agency relationship, except:
- → An agency relationship in real estate is terminated in multiple ways. All of the following are likely to be the cause of termination of an agency relationship, except:
- → Real estate brokers are required to have written employment contracts with:
- → A licensed real estate salesperson is primarily responsible to: