Oregon's Exclusive Buyers Agent relationship:
Correct Answer
B) Creates a fiduciary relationship where the broker owes the buyer full loyalty, confidentiality, and disclosure duties
Oregon's buyer agency creates a full fiduciary relationship with duties of loyalty, confidentiality, disclosure, and reasonable care owed to the buyer client.
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Related Topics & Key Terms
Related Topics:
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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