Under Ohio agency law, which of the following duties does a buyer's agent owe to their client but NOT to other parties?
Correct Answer
D) Loyalty and obedience to the client's lawful instructions
Loyalty and obedience to lawful instructions are fiduciary duties owed exclusively to the client. These duties require the agent to act in the client's best interest and follow their directions, which is not owed to other parties.
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Previous Question
Licensee Ben operates a one-person brokerage in Ohio. Buyer Kate has a signed buyer agency agreement with Ben, and Seller Matt has separately listed his property with Ben. Kate now wants to purchase Matt's property. Which statement most accurately describes Ben's agency options under Ohio law?
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Licensee Tara represents seller Phil. During the inspection period, the buyer's inspector discovers significant water damage that Tara was previously unaware of. What is Tara's primary obligation under Ohio agency law now that she has knowledge of this condition?