Agency
An Ohio broker represents the seller in a transaction. The buyer is unrepresented. What must the broker provide to the buyer?
AFull fiduciary duties
BConsumer Guide to Agency Relationships✓ Correct
CA written buyer agency agreement
DDual agency disclosure only
Explanation
Ohio law requires licensees to provide the Consumer Guide to Agency Relationships to unrepresented parties, explaining the nature of the agency relationship.
Related Ohio Agency Questions
- Under Ohio agency law, an agent's duty of 'disclosure' to the principal includes disclosing:
- Under Ohio law, an agent's authority to act on behalf of a principal is terminated by:
- In Ohio, which document must a licensee provide to a consumer to explain agency relationships?
- In Ohio, a licensee who represents the seller but works with the buyer is called a:
- Ohio's agency disclosure law requires that a licensee provide the Agency Disclosure Statement:
- Under Ohio agency law, an agent who receives 'secret profits' from a transaction without the principal's knowledge and consent is:
- Under Ohio agency law, the duty to 'account' requires the agent to:
- In Ohio, a listing agent may ethically advertise a property as 'must sell' or 'seller motivated' when:
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