Under Oregon's Agency Relationships in Real Estate Transactions Act, which of the following is NOT a recognized type of agency or representation relationship that an Oregon licensee may have with a party to a real estate transaction?
Correct Answer
D) Undisclosed dual agent, representing both parties without either party's knowledge
Oregon law (ORS 696.800–696.890) does not recognize or permit 'undisclosed dual agency.' Representing both buyer and seller without disclosure and written consent from all parties is illegal in Oregon and constitutes a serious violation of the Agency Relationships in Real Estate Transactions Act. Oregon only permits the dual representation structure through the specific 'disclosed limited agency' framework, which requires full disclosure and written consent.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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