Agency
What are the fiduciary duties owed by an Ohio agent to their client?
ACare, loyalty, obedience
BCare, loyalty, obedience, disclosure, accounting, confidentiality (CLODAC)✓ Correct
CHonesty, fairness, and disclosure
DCare and loyalty only
Explanation
Ohio agents owe their clients the fiduciary duties of Care, Loyalty, Obedience, Disclosure, Accounting, and Confidentiality (CLODAC). These duties are higher than those owed to customers.
Related Ohio Agency Questions
- A buyer's agent in Ohio has a duty to disclose to the buyer:
- What is apparent authority and how can Ohio brokers protect against it?
- Which of the following is a seller's agent's duty to the seller?
- What is agency by estoppel in Ohio?
- What is the significance of the National Association of Realtors (NAR) ethics enforcement for Ohio members?
- Under Ohio agency law, an agent's 'express authority' is created by:
- In Ohio, a listing agent may ethically advertise a property as 'must sell' or 'seller motivated' when:
- Which of the following is a VIOLATION of an Ohio seller's agent's fiduciary duty?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →