Buyer's agent Diane represents client Jason under an exclusive buyer agency agreement in Ohio. Jason tells Diane he wants to terminate the agreement early because he found a property through a friend. Under Ohio law, what governs the termination?
Correct Answer
A) The termination terms and any obligations are governed by the provisions in the signed buyer agency agreement
Under Ohio law, the buyer agency agreement is a binding contract. Early termination is governed by the terms specified in the agreement, which may include obligations such as payment for services rendered or specific notice requirements.
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