In Ohio, buyer agent Clara enters into a written buyer representation agreement with client Tom. Tom asks Clara if the agreement requires him to work exclusively with her brokerage. Under Ohio law, what determines exclusivity?
Correct Answer
A) Exclusivity depends on the specific terms written into the buyer representation agreement
Under Ohio agency law, whether a buyer representation agreement is exclusive or non-exclusive depends on the specific terms negotiated and written into the agreement. Ohio permits both types.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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