Buyer's agent Helen represents Steve in Ohio. Steve asks Helen to recommend a home inspector. Helen has a referral arrangement with a local inspection company through which she receives a small fee for each referral. What must Helen do under Ohio agency law?
Correct Answer
A) Decline to recommend any inspector to avoid the appearance of a conflict of interest
Under Ohio agency law, the duties of loyalty and disclosure require an agent to disclose any financial interest or business relationship that could influence a recommendation. Helen must disclose the referral fee arrangement to Steve before recommending the inspector so Steve can make an informed decision about whether to use that inspector.
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Under Ohio law, when a buyer's agent shows a property to their client, the agent should:
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Buyer's agent Pam represents Ed in Ohio. A home inspection reveals that the property's septic system was installed without the required county permits. The seller states he was unaware of the violation. Ed asks Pam how to proceed. Which response best reflects Pam's obligations under Ohio agency law?