A disclosed limited agent in Oregon:
Question & Answer
Review the question and all answer choices
Represents only the seller
Option A is incorrect because a disclosed limited agent represents both parties, not just the seller. This misconception fails to recognize the dual nature of this specific agency relationship permitted in Oregon.
Represents both parties with limited duties and consent
Is not permitted
Option C is incorrect because Oregon specifically permits disclosed limited agency with proper consent. This misconception stems from confusion with states that prohibit dual agency entirely.
Works only on commercial properties
Option D is incorrect because disclosed limited agency applies to both residential and commercial properties in Oregon, not exclusively commercial properties. This limitation doesn't exist in Oregon's regulations.
Why is this correct?
Option B is correct because Oregon law specifically permits disclosed limited agency where one agent represents both buyer and seller, but with limited duties to each party, and only after obtaining written consent from both parties to this limited representation arrangement.
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