Under Ohio law, when must a real estate licensee provide the Agency Disclosure Statement to a prospective buyer or seller?
Correct Answer
B) At the first substantive contact with the prospective buyer or seller
Under ORC §4735.57, Ohio requires the Agency Disclosure Statement to be provided at the first substantive contact, which means the earliest meaningful interaction about real estate needs or property details.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
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.
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