Agency
What is the difference between a listing agent and a selling agent in Ohio?
AThey are the same person
BThe listing agent represents the seller; the selling agent (buyer's agent) procures the buyer✓ Correct
CThe selling agent always represents the seller
DThe listing agent negotiates; the selling agent advertises
Explanation
The listing agent represents the seller through a listing agreement. The 'selling agent' or buyer's agent represents the buyer (or in some contexts, is the agent who procures the buyer in the transaction). These can be the same person in a dual agency situation.
Related Ohio Agency Questions
- Under Ohio agency law, 'ratification' occurs when a principal:
- Ohio's agency disclosure law requires that a licensee provide the Agency Disclosure Statement:
- In Ohio, a 'buyer representation agreement' should include all of the following EXCEPT:
- Which of the following is a 'material fact' that an Ohio licensee must disclose to all parties?
- A seller tells their listing agent they will accept $280,000 even though the listing price is $299,000. The agent must:
- An Ohio buyer's agent discovers the seller has accepted a higher backup offer. The agent should:
- In Ohio, when a licensee represents the seller in a transaction, the licensee owes the buyer:
- Under Ohio agency law, the 'principal' in a real estate agency relationship is:
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