Agency
What is a designated agency in Ohio?
AA government-designated agency relationship
BWhen a broker designates different agents within their company to represent the buyer and seller separately, allowing full representation for each✓ Correct
CAn agency approved by OREC
DA franchise agency arrangement
Explanation
In designated agency, a broker designates separate agents within their firm to represent the buyer and seller in the same transaction. Each designated agent can provide full fiduciary representation to their respective client without the dual agency conflict.
Related Ohio Agency Questions
- Under Ohio agency law, the duty to 'account' requires the agent to:
- In Ohio, the duty of 'reasonable care' owed by an agent to a non-client (customer) includes which of the following?
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- What is the 'dual agent' restriction regarding confidential information?
- An Ohio buyer's agent should advise their client to:
- In Ohio, the Consumer Guide to Agency Relationships (CGAR) must be provided:
- Under Ohio agency law, a listing agent who is also the buyer of the listed property must:
- When an Ohio real estate agent receives an offer on their listing, they must present it to the seller:
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