Under Ohio law, seller's agent Paula lists a property and the seller accepts an offer contingent on the buyer's home inspection. The inspection reveals minor cosmetic issues but no structural defects. The buyer requests $15,000 in repair credits. Paula's seller asks for advice. Under Ohio agency law, what should Paula do?
Correct Answer
B) Provide the seller with an objective analysis of the repair request relative to the inspection findings, market conditions, and the seller's goals, and let the seller decide
Under Ohio agency law, the duty of reasonable care requires providing the seller with objective professional analysis. Paula should explain the inspection findings, assess whether the credit request is reasonable relative to the issues, consider market conditions, and let the seller make an informed decision.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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