Oregon Agency Model Cheat Sheet

📋 The 1-minute cheat sheet

• Oregon uses 'agency' relationships established under the real estate agency disclosure rules.
• An OREA pamphlet on agency relationships must be provided to consumers early in the relationship.
• Seller agent, buyer agent, and disclosed limited agency (dual representation) are recognized.
• Disclosed limited agency requires informed written consent from all represented parties.
• A broker's agency duties typically attach to the broker and their supervising principal broker.
• Core duties to a client include loyalty, confidentiality, disclosure, accounting, and reasonable care/diligence.
• Even to non-clients, a broker owes honesty and disclosure of known material facts.