Under Ohio real estate law, which of the following best describes a 'customer'?
Correct Answer
B) A party who receives services from a licensee but has not entered into an agency agreement
Under Ohio law, a 'customer' is a party who receives real estate services from a licensee without having entered into an agency agreement. Customers are owed the duties applicable to all parties — such as honest dealing and disclosure of known material facts under ORC §4735.62 — but are not owed the fiduciary duties reserved for clients in an agency relationship.
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Previous Question
An Ohio licensee representing the seller observes visible foundation cracks during a showing that were not previously disclosed to them. Which of the following correctly describes the licensee's obligation regarding this condition?
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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?