EstatePass
Oh AgencyBuyer_agent_ohMEDIUM

Under Ohio law, buyer's agent Nicole has an exclusive buyer agency agreement with client Rob. Rob finds a for-sale-by-owner (FSBO) property he wants to buy. What is Nicole's obligation?

Correct Answer

B) Nicole must represent Rob in the FSBO transaction under the terms of the exclusive buyer agency agreement

Under an exclusive buyer agency agreement in Ohio, Nicole is obligated to represent Rob in all property purchases during the agreement term, including FSBO properties. The exclusivity means Rob has agreed to work with Nicole regardless of how the property is marketed.

Answer Options
A
Nicole cannot help Rob with FSBO properties because they are not listed on the MLS
B
Nicole must represent Rob in the FSBO transaction under the terms of the exclusive buyer agency agreement
C
Nicole must refer Rob to the listing brokerage for the FSBO property
D
The exclusive buyer agency agreement automatically terminates for FSBO properties

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Oh Agency Question

Sign up free to unlock full analysis

Background Knowledge for Oh Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Oh Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Oh Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

exclusive_buyer_agencyFSBOscope_of_agreementbuyer_agentORC_4735
Was this explanation helpful?

More Oh Agency Questions

People Also Study

Oh Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing