Under Ohio law, buyer's agent Anna represents client Brad. Brad's exclusive buyer agency agreement specifies a 3% commission. Brad finds a property where the listing brokerage offers only 2.5% to buyer's agents. What happens regarding Anna's compensation?
Correct Answer
C) Anna may seek the 0.5% difference from Brad as specified in the buyer agency agreement
Under Ohio law, the buyer agency agreement governs the compensation terms between Anna and Brad. If the listing brokerage offers less than the agreed commission, Anna may seek the shortfall from Brad as specified in their agreement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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