Under Ohio law, a dual agent may provide all of the following services EXCEPT:
Correct Answer
A) Advising one party on the appropriate price to offer or accept at the expense of the other party
Under ORC §4735.71, a dual agent cannot advocate for one party's negotiating position at the expense of the other. Advising one party on what price to offer or accept would breach the duty of loyalty owed to the other party.
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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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