Oregon broker Olivia is working with buyer couple Derek and Sarah. During their first meeting, Derek and Sarah ask Olivia who she represents in the transaction. Under Oregon law, when is Olivia required to provide a written agency disclosure to Derek and Sarah?
Correct Answer
B) At the time of the first substantive contact with Derek and Sarah
Under ORS 696.820, Oregon licensees are required to provide a written agency disclosure to prospective buyers or sellers at the time of first substantive contact. 'Substantive contact' means any contact where real estate needs, financial qualifications, or motivation are discussed. Olivia must provide the written disclosure at this initial meeting, not wait until an offer is made or a property is shown.
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