Under Ohio law, seller's agent Rick's client instructs him to reject all offers below $400,000 without presenting them. Under Ohio agency law, how should Rick handle this instruction?
Correct Answer
B) Inform the seller that Ohio law requires all offers to be presented and he cannot filter offers by price without presenting them first
Under Ohio agency law, the seller's agent must present all offers to the seller. While the seller may provide instructions about acceptable terms, the agent's duty requires presenting each offer. The seller can then choose to reject offers that do not meet their criteria.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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.
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