In Ohio, dual agency occurs when:
Correct Answer
A) A licensee or brokerage represents both the buyer and seller in the same transaction
Under Ohio law, dual agency occurs when a single licensee or brokerage represents both the buyer and the seller in the same transaction. This requires the informed written consent of both parties.
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Under Ohio agency law, licensee Hank represents seller Diane. Buyer Luis submits an offer well below asking price. Hank personally believes the offer is too low. What is Hank's obligation?
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Under Ohio law, which of the following is required before a licensee may legally engage in dual agency?