Agency
Under Ohio law, a real estate agent's authority to act for a principal is typically created by:
AThe issuance of an Ohio real estate license
BAn express agreement (listing agreement or buyer agency agreement) between the agent and principal✓ Correct
CImplied by market custom
DThe agent passing the licensing exam
Explanation
Agency authority is most commonly created by express agreement — a written listing agreement (for sellers) or buyer representation agreement (for buyers). The license alone does not create authority to represent any specific person.
Related Ohio Agency Questions
- Under Ohio agency law, the 'principal' in a real estate agency relationship is:
- What is a 'coming soon' listing in Ohio real estate and what are the ethical considerations?
- Ohio's agency disclosure law requires that a licensee provide the Agency Disclosure Statement:
- What are the minimum duties Ohio licensees owe ALL parties (clients and customers)?
- The duty of 'reasonable care and diligence' requires an Ohio agent to:
- Dual agency in Ohio is permitted only when:
- An Ohio buyer's agent discovers the seller has accepted a higher backup offer. The agent should:
- An Ohio licensee who discovers during a listing presentation that the seller has significant deferred maintenance on the roof should:
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