Agent Maria meets a couple at an open house who express interest in buying a home. Under Ohio's agency disclosure requirements, what is Maria's obligation regarding the Consumer Guide to Agency Relationships?
Correct Answer
A) She must provide the Consumer Guide before engaging in any substantive discussion about their needs
Under ORC §4735.57, the Consumer Guide must be provided at or before the first substantive contact. An open house where buyers express interest in purchasing constitutes the beginning of substantive contact.
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Under Ohio law, when must a real estate licensee provide the Consumer Guide to Agency Relationships to a prospective client?
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A salesperson fails to provide the Consumer Guide to Agency Relationships to a buyer before showing properties, as required under Ohio law. Which party or parties may face disciplinary action for this omission?