Under Ohio law, a buyer's agent may properly do all of the following on behalf of the buyer EXCEPT:
Correct Answer
A) Disclose the buyer's highest acceptable purchase price to the listing agent without the buyer's consent
Disclosing the buyer's highest acceptable price without consent violates the fiduciary duty of confidentiality. The buyer's negotiating position, including maximum budget, must be kept confidential unless the buyer authorizes disclosure.
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Under Ohio law, buyer's agent Lisa represents client Mike. Mike finds a property he loves but tells Lisa he wants to offer $20,000 below the asking price. Lisa believes the property is fairly priced and that a low offer will be rejected. What should Lisa do?
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Under Ohio law, buyer's agent James represents client Emily. Emily tells James she plans to convert a single-family home into a rental property. James knows the property Emily wants to buy is in a neighborhood with restrictive covenants prohibiting rental use. What must James do?