Under respondeat superior, Oregon's principal broker is:
Correct Answer
B) Vicariously liable for affiliated brokers' actions within scope
Principal brokers are vicariously liable for affiliated brokers.
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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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