Final answer:
Principal real estate brokers in Oregon are permitted to act as both buyer's and seller's agents in the same transaction. This is known as dual agency. The broker must act impartially and treat both parties fairly.
Step-by-step explanation:
Principal real estate brokers in Oregon are permitted to act as both buyer's and seller's agents in the same transaction. This is known as dual agency, where the broker represents both parties and helps facilitate the transaction. The Oregon law and administrative rules allow for this practice.
In a dual agency situation, the broker must act impartially and treat both parties fairly. They are required to disclose the dual agency relationship to both the buyer and the seller and obtain their informed consent.
This practice provides flexibility for brokers and allows them to assist buyers and sellers in a transaction, but it also requires strict adherence to ethical standards to avoid conflicts of interest.