Under Ohio law, when presenting a buyer's offer, a buyer's agent is obligated to do all of the following EXCEPT:
Correct Answer
C) Advise the buyer on the likely negotiating position of the seller based on market conditions
A buyer's agent is not obligated to advise the buyer on the seller's likely negotiating position. While an agent may offer general market context, speculating about or characterizing the seller's negotiating strategy goes beyond the agent's defined duties and could constitute unauthorized disclosure of information the agent does not actually possess. The agent's obligations are procedural and fiduciary — accurately conveying the buyer's terms, presenting the offer promptly, and explaining counteroffers — not predicting or interpreting the opposing party's intentions.
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Previous Question
A buyer's agent prepares a comparative market analysis (CMA) for a client and identifies that the subject property's most recent sale was a non-arm's-length distress transaction at a price well below current market value. How should the agent handle this sale when preparing the CMA?
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Buyer's agent Terry represents Megan in Ohio. While Megan is considering a seller's counteroffer, a new listing comes on the market that closely matches Megan's stated criteria. What is Terry's obligation under Ohio agency law?