Oklahoma Sales Associate Nguyen is a licensed Sales Associate under Broker Clark. Nguyen is showing an unrepresented buyer, Mr. Reed, several properties listed by other brokerages. Nguyen has not signed any buyer representation agreement with Reed. Under Oklahoma agency law, which party does Nguyen legally represent in this situation?
Correct Answer
B) Neither party, because no written representation agreement has been signed
Under Oklahoma's Broker Relationships Act (Title 59 O.S. §858-351 et seq.), Oklahoma abolished common-law subagency and substituted a statutory 'broker' relationship in which the licensee provides services to a party without representing them unless a written agreement creates representation. Without any signed representation agreement, Nguyen represents neither Reed nor the sellers.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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