Under Ohio law, buyer's agent Marcus has been working with client Julie for three months under an exclusive buyer agency agreement. Julie asks Marcus to reduce his commission rate retroactively for the entire period. Under Ohio law, what is the correct approach?
Correct Answer
B) Any modification to the compensation terms requires mutual written agreement between Marcus and Julie
Under Ohio contract law, the buyer agency agreement is a binding contract. Modifications to compensation terms require mutual written agreement between both parties. Neither party can unilaterally change the terms.
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Under Ohio law, buyer's agent Kate represents client Matt. During a home showing, Matt asks Kate whether the neighborhood is safe. Under Ohio fair housing law and agency requirements, how should Kate respond?