Under Ohio's Canons of Ethics for real estate licensees, licensee Brenda discovers that her client's property has a zoning violation that could affect the sale. What is Brenda's ethical obligation?
Correct Answer
A) Disclose the zoning violation to all parties because it is a material fact affecting the property
Under Ohio's Canons of Ethics and ORC §4735.62, a zoning violation is a material fact that must be disclosed to all parties. The duty of honest dealing and material fact disclosure to all parties overrides the obligation to protect the client's negotiating position.
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