Under Ohio law, seller's agent Bill discovers that his client's property was previously used as a methamphetamine lab but was professionally remediated and certified clean by the Ohio Department of Health. Under Ohio's stigmatized property law, must Bill disclose this history to prospective buyers?
Correct Answer
A) Yes, because Ohio's Residential Property Disclosure Form requires the seller to disclose known prior use of the property as a methamphetamine lab even after remediation, and the agent must not conceal that known material fact
Ohio's Residential Property Disclosure Form (ORC 5302.30) requires sellers to disclose known prior methamphetamine production on the property, and an agent with actual knowledge of that history cannot conceal it from buyers even when the property has been remediated.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Oh Agency Question
Background Knowledge for Oh Agency
Real World Application in Oh Agency
Common Mistakes to Avoid on Oh Agency Questions
Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
More Oh Agency Questions
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?
Under Ohio law, what distinguishes a client from a customer in a real estate transaction?
In Ohio, the Consumer Guide to Agency Relationships is prescribed by which authority?
Under Ohio's Canons of Ethics, when a licensee's personal financial interest conflicts with the best interest of a client, the licensee is required to:
Under Ohio real estate law, which of the following best describes a 'customer'?
- → Under Ohio law, which document must a licensee provide to a consumer to explain the different agency relationships available in Ohio?
- → Under Ohio law, fiduciary duties in a real estate agency relationship are owed to:
- → Under Ohio law, an agency relationship in real estate is created by:
- → Under Ohio law, when a brokerage uses designated agency, the broker's role is to:
- → Under Ohio law, which of the following must be included in a written buyer agency agreement?
- → In Ohio, dual agency occurs when:
- → Under Ohio law, dual agency requires the informed written consent of:
- → Under Ohio law, the Consumer Guide to Agency Relationships must be provided in what format?
- → Under Ohio law, when must a real estate licensee provide the Consumer Guide to Agency Relationships to a prospective client?
- → In Ohio, the term 'client' in a real estate transaction refers to: