Sarah is a licensed Sales Associate in Oklahoma working under Broker Johnson. She is showing a listed property to Tom, a prospective buyer. Tom asks Sarah directly, 'Do you represent me or the seller?' What is Sarah's correct response under Oklahoma agency disclosure requirements?
Correct Answer
D) Sarah must explain that she represents the seller as a seller's agent unless a different agreement has been made
Under Oklahoma law, a licensee showing a listed property is acting as an agent of the seller unless a separate buyer representation agreement establishing a different relationship has been executed. Sarah must clearly disclose this seller agency relationship when directly asked, consistent with Title 59 O.S. § 858-354 and OREC's agency disclosure requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
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