Oregon recognizes which agency relationships?
Question & Answer
Review the question and all answer choices
Only seller agency
Oregon recognizes more than just seller agency. While seller agency is one option, the state also allows buyer agency and disclosed limited agency, making this option incomplete.
Seller agent, buyer agent, and disclosed limited agent
Only buyer agency
Oregon recognizes more than just buyer agency. While buyer agency is permitted, the state also allows seller agency and disclosed limited agency, making this option incomplete.
Only transaction brokerage
Oregon recognizes more agency relationships than just transaction brokerage. While transaction brokerage exists in some states, Oregon specifically recognizes seller agent, buyer agent, and disclosed limited agent relationships.
Why is this correct?
Oregon law explicitly recognizes all three agency relationships: seller agent, buyer agent, and disclosed limited agent. This comprehensive approach allows agents to represent either party or both with proper disclosure, reflecting Oregon's balanced approach to agency relationships.
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