Ohio License Law
Ohio requires that the Agency Disclosure Statement be provided to consumers in real estate transactions. This document must be provided:
AOnly to buyers, not sellers
BBefore entering into any agency agreement or presenting an offer✓ Correct
COnly when a dual agency situation exists
DOnly for commercial transactions over $1 million
Explanation
Ohio law requires the Agency Disclosure Statement (Consumer Guide to Agency Relationships) to be provided to all parties before entering into any agency relationship or presenting or receiving any offer.
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Key Terms to Know
State-Specific Concepts
Disclosure Requirements
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