Under Ohio law, a seller's agent is a licensee who:
Correct Answer
B) Represents the seller under a listing agreement and owes fiduciary duties to the seller
Under Ohio law, a seller's agent represents the seller under a signed listing agreement. The seller's agent owes fiduciary duties (loyalty, confidentiality, obedience, disclosure, accounting, reasonable care) to the seller.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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