An “agency” relationship is a voluntary legal relationship in which a real estate licensee (the agent), agrees to act on behalf of a buyer or a seller (the client) in a real estate transaction.

Oregon law provides for three types of agency relationships between real estate agents and their clients:

  • Seller’s Agent – Represents the seller only;
  • Buyers Agent – Represents the buyer only;
  • Disclosed Limited Agent – Represents both the buyer and seller, or multiple buyers who want to purchase the same property. This can be done only with the written permission of both clients.