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Oh AgencyAgency_disclosure_statementMEDIUM

Under Ohio law, licensee Nina lists a property for seller Frank. A buyer calls and asks Nina about the property's tax history and nearby schools. Nina provides this factual information. Has Nina triggered the agency disclosure requirement?

Correct Answer

D) No, because providing factual public information about the property and neighborhood is not substantive contact

Under ORC §4735.57, providing publicly available factual information such as tax records and school district data does not constitute substantive contact. Disclosure is triggered when the licensee discusses the buyer's specific needs, motivations, or financial qualifications.

Answer Options
A
Yes, because discussing taxes and schools constitutes substantive contact
B
No, because disclosures are only required for commercial properties
C
Yes, because any phone conversation requires disclosure
D
No, because providing factual public information about the property and neighborhood is not substantive contact

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Related Topics & Key Terms

Key Terms:

substantive_contactfactual_informationagency_disclosureORC_4735
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