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Oh AgencyAgency_disclosure_statementMEDIUM

Licensee Pat represents seller Helen. During an open house, buyer Dan tells Pat he wants to buy Helen's property and asks Pat to write up an offer immediately. Under Ohio agency law, what must Pat do before writing the offer?

Correct Answer

B) Provide Dan with the Consumer Guide and obtain either a buyer agency agreement or confirm Dan understands Pat represents the seller

Under Ohio law, Pat must provide the Consumer Guide at the point of substantive contact and clarify the agency relationship before writing an offer. Dan must understand that Pat represents Helen and that Pat does not represent Dan's interests unless a separate buyer agency agreement is established.

Answer Options
A
Decline to write the offer because it would create an automatic dual agency
B
Provide Dan with the Consumer Guide and obtain either a buyer agency agreement or confirm Dan understands Pat represents the seller
C
Refer Dan to the Ohio Real Estate Commission for guidance
D
Proceed with the offer without any disclosure since it is an open house

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Related Topics & Key Terms

Key Terms:

open_houseoffer_writingconsumer_guideagency_clarificationORC_4735
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