Under Ohio law, a listing agreement between a seller and a broker must be in what form?
Correct Answer
B) Written form signed by both the seller and the broker
Under Ohio law, a listing agreement must be in written form and signed by both the seller and the broker (or the broker's authorized representative) to establish a valid agency relationship.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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Under Ohio law, buyer's agent Will represents client Amy. Amy asks Will to hold her $10,000 earnest money deposit. Under Ohio law, what must Will do with the deposit?
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