Oregon Real Estate Lecture 15: Oregon
Agency Disclosure Law - Seller's and
Buyers Agent Obligations. Dual Agency
Exam | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (19)
statutory law legislative acts declaring, commanding,
or prohibiting something. (ORS)
administrative law The body of law created by
administrative agencies (in the form of
rules, regulations, orders, and decisions)
in order to carry out their duties and
responsibilities. (OAR)
ORS laws
OAR rules
, affirmative duties An agent who represents only the seller
or only the buyer owes the following
___________________ to their client, other parties
and their agents involved in a real estate
transaction.
- Deal honestly and in good faith
- Present all written offers, notices and
other communications in a timely manner
- Disclose material facts known by the
agent and not apparent or readily
ascertainable to a party.
sellers agent represents the seller only
buyers agent represents the buyer only
agency disclosure law In Oregon, the ________________ was first
adopted in 1993. The law demanded that
real estate agents personally provide the
buyer and seller in a real estate
transaction with a statutory initial agency
disclosure form. Agents were required to
get the buyer and seller to acknowledge
receipt of the disclosure.
Agency Disclosure Law - Seller's and
Buyers Agent Obligations. Dual Agency
Exam | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (19)
statutory law legislative acts declaring, commanding,
or prohibiting something. (ORS)
administrative law The body of law created by
administrative agencies (in the form of
rules, regulations, orders, and decisions)
in order to carry out their duties and
responsibilities. (OAR)
ORS laws
OAR rules
, affirmative duties An agent who represents only the seller
or only the buyer owes the following
___________________ to their client, other parties
and their agents involved in a real estate
transaction.
- Deal honestly and in good faith
- Present all written offers, notices and
other communications in a timely manner
- Disclose material facts known by the
agent and not apparent or readily
ascertainable to a party.
sellers agent represents the seller only
buyers agent represents the buyer only
agency disclosure law In Oregon, the ________________ was first
adopted in 1993. The law demanded that
real estate agents personally provide the
buyer and seller in a real estate
transaction with a statutory initial agency
disclosure form. Agents were required to
get the buyer and seller to acknowledge
receipt of the disclosure.
