Under Ohio law, seller's agent Nathan lists a property for seller Janet. The property receives no offers for 60 days. Janet asks Nathan to suggest a strategy. Under Ohio agency law, what is Nathan's appropriate response?
Correct Answer
C) Suggest specific strategies such as a price adjustment, enhanced marketing, staging, or offering buyer incentives, based on market feedback and comparable sales data
Under Ohio agency law, the duty of reasonable care and competence requires Nathan to analyze market conditions, provide data-driven recommendations, and suggest actionable strategies to help the property sell.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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