Oregon Real Estate | Deck 2 Exam Questions
and Answers with Verified Solutions | Latest
Updated 2026
Universal agent Broadest authority; can bind principal in
almost all matters
Example of universal agent Power of attorney
General agent Ongoing authority in specific area
Example of general agent Property manager
Special agent Limited authority for specific task
Real estate brokers are usually Special agents
Disclosed agency Agency relationship and principal identity
known
Partially disclosed agency Agency known but principal hidden
Undisclosed agency Agency and principal hidden
and Answers with Verified Solutions | Latest
Updated 2026
Universal agent Broadest authority; can bind principal in
almost all matters
Example of universal agent Power of attorney
General agent Ongoing authority in specific area
Example of general agent Property manager
Special agent Limited authority for specific task
Real estate brokers are usually Special agents
Disclosed agency Agency relationship and principal identity
known
Partially disclosed agency Agency known but principal hidden
Undisclosed agency Agency and principal hidden