Final answer:
ORS 696.290 outlines the conditions under which a real estate broker can receive compensation, including representing parties in property transactions with informed consent from all parties involved.
Step-by-step explanation:
According to ORS 696.290, a real estate broker is allowed to receive compensation for their services when they are involved in a real estate transaction.
Specifically, a real estate broker can be paid for activities such as representing a buyer or seller in the sale of property, leasing, renting, or managing rental real estate. Brokers may also earn compensation from both buying and selling parties if all parties provide informed consent to such an arrangement.
It is important for brokers to comply with all legal requirements in their transactions, including full disclosure, to ensure that they adhere to the ethical and regulatory standards set forth in their professional practice.