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Oh AgencyAgency_disclosure_statementMEDIUM

Licensee Carlos represents seller Janet under a listing agreement. Buyer Mike, who is unrepresented, contacts Carlos directly about Janet's property. Under Ohio law, what is Mike's status in this transaction?

Correct Answer

B) Mike is a customer to whom Carlos owes limited duties such as honest dealing and material fact disclosure

Under Ohio law, an unrepresented buyer is a 'customer.' Carlos owes Mike duties to all parties (honest dealing, material fact disclosure) but does not owe fiduciary duties, which are reserved for his client, Janet.

Answer Options
A
Mike is Carlos's client because Carlos is showing him the property
B
Mike is a customer to whom Carlos owes limited duties such as honest dealing and material fact disclosure
C
Mike is automatically a dual agency client of Carlos
D
Mike has no rights or protections in the transaction

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Related Topics & Key Terms

Key Terms:

customer_statusunrepresented_buyerduties_to_all_partiesORC_4735
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