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Oh AgencyAgency_disclosure_statementHARD

Licensee George is a seller's agent. During negotiations, the buyer's agent accidentally emails George confidential information about the buyer's maximum budget. Under Ohio agency law, what should George do?

Correct Answer

D) Immediately share the information with his client, the seller, because it benefits the seller's negotiating position

Under Ohio agency law, George's fiduciary duty to his client (the seller) includes disclosing information that could benefit the client's position. Once George has received the information, even accidentally, his duty of loyalty requires him to share it with the seller.

Answer Options
A
Forward the email to the buyer's agent's broker to report the mistake
B
Delete the email and pretend he never received it
C
Report the buyer's agent to the Ohio Division of Real Estate for the error
D
Immediately share the information with his client, the seller, because it benefits the seller's negotiating position

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Related Topics & Key Terms

Key Terms:

fiduciary_dutyconfidential_informationaccidental_disclosureseller_agentORC_4735
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