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?
Correct Answer
A) Provide Eric with comparable sales data and let him make his own decision, while explaining that Steve represents the seller
Under Ohio law, Steve may provide factual market data (comparable sales) to Eric as part of honest dealing, but he must clearly disclose that he represents the seller. He should not advise on offer strategy as that would conflict with his fiduciary duty to Linda.
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