Under Ohio's Canons of Ethics, when a licensee's personal financial interest conflicts with the best interest of a client, the licensee is required to:
Correct Answer
B) Place the client's interest above the licensee's own personal interest
Ohio's Canons of Ethics require licensees to place the interests of the public and their clients above their own personal interests. This reflects the fiduciary foundation of the agency relationship and is a core obligation imposed on all Ohio licensees.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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Under Ohio law, which of the following is required before a licensee may legally engage in dual agency?
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A buyer later claims he believed a licensee was representing him, but the licensee represented only the seller throughout the transaction. Under Ohio law, which of the following would provide the licensee the strongest protection against that claim?