EstatePass
Oh AgencyAgency_disclosure_statementMEDIUM

Under Ohio law, which of the following is required before a licensee may legally engage in dual agency?

Correct Answer

A) Written informed consent from both the buyer and the seller

Under ORC §4735.71, dual agency requires written informed consent from both the buyer and the seller before dual representation may begin. Both parties must affirmatively agree in writing, with full understanding of the implications of dual representation.

Answer Options
A
Written informed consent from both the buyer and the seller
B
Written consent from the licensee's principal broker only
C
Verbal consent from both parties, documented in the transaction file
D
Written disclosure to both parties, with consent required only from the party the licensee originally represented

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Oh Agency Question

Sign up free to unlock full analysis

Background Knowledge for Oh Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Oh Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Oh Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

dual_agencywritten_consentinformed_consentboth_partiesORC_4735
Was this explanation helpful?

More Oh Agency Questions

People Also Study

Oh Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing