Buyer's agent Laura represents client Tim under an exclusive buyer agency agreement. Tim asks Laura to also look at commercial properties for his small business. Laura's brokerage is not experienced in commercial real estate. Under Ohio agency law, what is Laura's best course of action?
Correct Answer
A) Refer Tim to a qualified commercial real estate agent for commercial properties while continuing to represent him for residential purchases under the existing agreement
Under Ohio agency law, the duty of reasonable care requires agents to practice within their competence. Laura should refer Tim to a qualified commercial agent for commercial properties while continuing to fulfill her residential buyer agency agreement. This protects Tim's interests and upholds professional standards.
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