Under Ohio law, a buyer's agent learns that an adjacent property contains environmental contamination from a former gas station. The contamination has not been raised in the transaction. Which of the following best describes the agent's obligation?
Correct Answer
A) Disclose the contamination to the buyer as a known material fact that may affect the property's value or habitability
Under Ohio agency law, a buyer's agent owes a fiduciary duty of full disclosure to the client. Environmental contamination on an adjacent parcel is a known material fact if it could reasonably affect the property's value, habitability, or the buyer's health and safety. The duty to disclose is not limited to conditions on the listed property itself — proximity to contamination is sufficient to trigger disclosure regardless of where the source is located.
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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?
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