Oregon 30-Hour Real Estate Law Practice Test

Which of the following situations does NOT require an agent to disclose information?

1. Representing two clients in a transaction

2. Offering a mortgage to a buyer

3. Representing a client in both selling and buying properties

4. Disclosing personal interest in the property

The correct answer is: Representing a client in both selling and buying properties

The situation where an agent is representing a client in both selling and buying properties does not inherently require the disclosure of information to the other parties involved in the transaction, as long as the agent maintains a clear role and follows the duties owed to their client. In real estate, when a dual agency situation occurs — where an agent represents both the buyer and the seller — certain disclosures are indeed required to ensure that both parties are informed about the potential conflicts of interest. However, in the case of representing a client in both the sale and purchase of properties, the focus is on the relationship between the agent and the client. The agent's primary responsibility is to act in the best interest of their client. If the agent is not representing the other party in the transaction, and assuming the agent is conducting each part of the transaction (the sale and the purchase) independently while honoring their fiduciary duties, they are not mandated to disclose this dual representation to the parties involved, provided no conflicts arise from that representation. In contrast, the other options typically involve situations where disclosure is necessary to ensure transparency and avoid conflicts of interest or ethical issues. For instance, representing two clients in one transaction requires disclosure to both parties about the dual representation. Offering a mortgage directly to a