Agency
What is the primary duty of a transaction broker in Ohio?
AFull fiduciary duty to both parties
BFacilitate the transaction without advocating for either party✓ Correct
CRepresent the buyer exclusively
DRepresent the seller exclusively
Explanation
A transaction broker (limited service agent) facilitates the transaction by assisting both parties without providing full fiduciary duties to either party.
Related Ohio Agency Questions
- What is a multiple listing service (MLS) and what are a member's obligations?
- In Ohio, the duty of 'reasonable care' owed by an agent to a non-client (customer) includes which of the following?
- What is the significance of the National Association of Realtors (NAR) ethics enforcement for Ohio members?
- What is an agency coupled with an interest in real estate?
- What is the concept of 'gratuitous agency' in real estate?
- What is the difference between a listing agent and a selling agent in Ohio?
- What is the difference between a client and a customer in real estate agency?
- What is the duty of disclosure an Ohio agent owes to their client?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →