Agency in Action: Navigating Oregon Requirements with OREF Forms

Agency is one of the most important—and most misunderstood—parts of Oregon real estate practice.  In this training, we clarify what “agent” means under Oregon agency law, who a licensed Broker is an agent for (the client/principal and the Managing Principal Broker), and how third parties and customers fit into a transaction. We’ll walk through Oregon’s required agency disclosure steps, beginning with the Initial Agency Disclosure Pamphlet (OREF 042), and then moving into written representation agreements.

You’ll learn when to use OREF 015, OREF 050, and OREF 052, with a focus on key provisions like exclusivity, teams, and representation of other parties. We’ll reinforce that compensation and agency are separate—who pays does not determine representation. You’ll also review fiduciary duties and compare single agency with Oregon’s Disclosed Limited Agency, including when written consent is required and how to use OREF 040 and OREF 041.

We’ll finish with case studies on “Implied Agency and Disclosed Limited Agency” and “Loyalty, Confidentiality and Obedience.”

Key topics include:

• What “agent” means under Oregon agency law vs. Broker vs. REALTOR®
• Who an Oregon Broker is an agent for: the Client/Principal and the Managing Principal Broker
• Parties to a transaction: client, agent, customer, and third parties (and core duties to customers)
• Oregon agency disclosure procedure, including delivery of OREF 042
• Representation agreements and when to use OREF 015, OREF 050, and OREF 052
• Compensation vs. agency: why payment does not create representation
• Fiduciary duties owed to clients and how they apply in practice
• Single agency vs. Disclosed Limited Agency, including OREF 040/041 and Section 2 authorization differences