Agency
What distinguishes Ohio's real estate agency law from some other states?
AOhio requires dual agency in all transactions
BOhio uses a consumer-focused agency disclosure system requiring agents to explain their relationships before substantive discussions✓ Correct
COhio does not recognize buyer agency
DOhio agents are always transaction brokers
Explanation
Ohio's agency disclosure system (through the Consumer Guide to Agency Relationships) prioritizes consumer understanding of agency relationships before substantive discussions begin. Ohio recognizes seller's agency, buyer's agency, dual agency (with consent), and transaction broker arrangements.
Related Ohio Agency Questions
- In Ohio, which situation BEST represents an agent who has gone 'outside the scope of authority'?
- What is ostensible (apparent) authority in real estate agency?
- What is the primary duty of a transaction broker in Ohio?
- What is the significance of Ohio's agency disclosure requirements?
- What is the significance of the National Association of Realtors (NAR) ethics enforcement for Ohio members?
- What is the duty of loyalty an Ohio agent owes to their client?
- What is an exclusive right to sell listing vs. exclusive agency listing?
- What is an agency coupled with an interest in real estate?
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