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Under Ohio law, buyer's agent Mark learns that the property his client wants to purchase is located in a flood zone. The seller's disclosure form does not mention this fact. What must Mark do?

Correct Answer

D) Disclose the flood zone status to his client as a material fact and recommend further investigation

Under Ohio agency law, Mark's fiduciary duty to his client requires disclosure of all known material facts, including flood zone status. He must inform his client and recommend further investigation regardless of what the seller's disclosure form states.

Answer Options
A
Say nothing because the seller is responsible for their own disclosure form
B
Advise his client to waive the inspection to speed up the transaction
C
Contact the Ohio Division of Real Estate to request a flood zone exemption
D
Disclose the flood zone status to his client as a material fact and recommend further investigation

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Related Topics & Key Terms

Key Terms:

buyer_agentflood_zonematerial_factfiduciary_dutydisclosureORC_4735
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