Under Ohio law, after providing the Consumer Guide to Agency Relationships, licensee Jake begins working with buyer Melissa. When must Jake obtain a signed agency agreement to formally establish the agency relationship?
Correct Answer
D) Before Melissa writes an offer on a property
Under Ohio law, the agency relationship must be formalized through a signed agency agreement before the buyer writes an offer. This ensures the duties and expectations are clearly established before entering negotiations.
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Licensee Karen receives a phone call from a potential buyer who asks about a specific listed property's price and square footage. Under Ohio law, does this phone call trigger the agency disclosure requirement?
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