EstatePass
Agency LawMEDIUMFREE

Oklahoma requires agency disclosure:

2:29
0 views

Question & Answer

Review the question and all answer choices

A

At closing

Disclosing agency at closing is far too late to protect consumers, as by that point the entire transaction has been negotiated and all confidential information has already been shared β€” the consumer would have had no opportunity to make an informed decision about representation when it mattered most.

B

Before providing brokerage services

Correct Answer
C

Only if requested

Requiring disclosure only if the consumer requests it places the burden on the uninformed party β€” the consumer β€” who may not even know they have the right to ask, completely defeating the consumer protection purpose of agency disclosure laws.

D

Never

Eliminating agency disclosure entirely would leave consumers without any legal protection regarding who their broker represents, exposing them to undisclosed conflicts of interest and potential fiduciary breaches, which is why all U.S. states have enacted some form of mandatory agency disclosure law.

Why is this correct?

Oklahoma Statutes Title 59, Β§ 858-354 requires that Oklahoma real estate licensees provide a written agency disclosure to prospective clients before providing any brokerage services, ensuring that consumers understand the nature of the agency relationship β€” whether the broker represents the buyer, the seller, both as a dual agent, or acts as a transaction broker β€” before any substantive services begin. This 'before services' timing is critical because it prevents brokers from gathering confidential client information before the client has given informed consent to the agency arrangement. Option B is therefore the only legally compliant answer under Oklahoma law.

Ready to Ace Your Real Estate Exam?

Access 2,000+ free video lessons covering all 11 exam topics.