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Oh AgencyBuyer_agent_ohMEDIUM

Under Ohio agency law, a buyer's agent may properly share all of the following information with the seller's agent EXCEPT:

Correct Answer

A) The buyer's maximum budget and urgency to close, without the buyer's authorization

Sharing the buyer's maximum budget and urgency without authorization violates the duty of confidentiality. This information could weaken the buyer's negotiating position and must only be shared with the buyer's explicit consent.

Answer Options
A
The buyer's maximum budget and urgency to close, without the buyer's authorization
B
The buyer's pre-approval letter from the lender, if authorized by the buyer
C
The buyer's offer price and proposed terms
D
The buyer's preferred closing date as stated in the offer

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Related Topics & Key Terms

Key Terms:

buyer_agentconfidentialitynegotiating_positionunauthorized_disclosurereverse_questionORC_4735
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