Question

Which of the following is not a classification of real estate agents under ORS 696?

Select one:
a. Disclosed limited agent
b. Buying agent
c. Selling agent
d. Listing agent

Answer 1

The classification of real estate agents under ORS 696 does not include a Buying agent.

Step-by-step explanation:

Under ORS 696, the classification of real estate agents does not include a Buying agent. The other classifications are:

1. Disclosed limited agent: This type of agent represents both the buyer and the seller in a real estate transaction and provides limited representation to both parties.
2. Selling agent: This agent represents the seller and is responsible for marketing and selling the property on behalf of the seller.
3. Listing agent: This agent works with the seller to list and market the property for sale.