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?
Correct Answer
B) Inform Megan about the new listing so she can factor it into her decision
Under Ohio agency law, a buyer's agent owes a fiduciary duty of disclosure, which requires promptly sharing any information that could materially affect the client's decisions. A new listing matching the buyer's criteria is directly relevant while she is evaluating a counteroffer, and withholding it would be a breach of that duty.
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Under Ohio law, when presenting a buyer's offer, a buyer's agent is obligated to do all of the following EXCEPT:
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