Asked by: Walae Winkelmeyer
Asked in category: business and finance, real estate industry
Last Updated: 23rd Jul 2024

What is disclosure limited agency?

"Disclosed limited agent" refers to a real estate transaction in which a buyer or seller is represented, or two or more buyers are represented within one real estate company. Oregon Legislature 1.



What is a disclosed limited agent, besides?

Disclosure limited agency. " Disclosed Limited Agency" refers to a real estate transaction in which a buyer or seller is represented or two or more buyers are represented within one real estate company. Oregon Legislature 1. Also see agent.

What is a limited agent for real estate, other than the one mentioned? Sec. 7. This chapter defines "limited agent" as a licensee that, after obtaining the written consent of all parties to a transaction in real estate, represents both the seller or buyer, or both landlord and tenant. The duties and responsibilities of a licensed agent to clients are those set out in this chapter.

What is a limited agency?

Buyers often don't understand what "Limited Agency" is (sometimes called Dual Agency) and how it affects their purchase or sale. A Limited Agent is a representative of both the seller and buyer in the same transaction. They assist in negotiating a mutually agreeable transaction.

Is Oregon allowed to have dual agency?

The Disclosed Limited Agency (or DLA) is the most confusing legal concept in Oregon real estate law. This is also known as dual agency , dual representation. In practical terms, it refers to when a broker acts on both sidesa transaction. It is legal under Oregon law.