Under Ohio law, the Consumer Guide to Agency Relationships must be provided in what format?
Correct Answer
D) Written form as prescribed by the Ohio Division of Real Estate
Ohio law requires the Consumer Guide to be provided in the written form prescribed by the Division of Real Estate and Professional Licensing. Verbal explanations alone are insufficient.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
More Oh Agency Questions
Licensee Steve works for a brokerage that represents seller Linda. Buyer Eric, who is unrepresented, asks Steve for advice on how much to offer on Linda's property. Under Ohio agency law, what should Steve do?
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Under Ohio law, an agency relationship in real estate is created by:
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Previous Question
Agent Rebecca represents seller Tom. During a showing, unrepresented buyer Kevin asks Rebecca, 'What is the lowest price Tom will accept?' Under Ohio law, how should Rebecca respond?
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Under Ohio's agency disclosure requirements, which of the following situations does NOT require providing the Consumer Guide to Agency Relationships?
