Under Ohio agency law, salesperson Nguyen represents a buyer under a written buyer representation agreement. The buyer asks Nguyen to show a property listed by another agent in the same brokerage. What agency issue arises?
Correct Answer
A) A potential dual agency situation arises since both agents are within the same brokerage
Under ORC §4735.71, when a buyer and seller are represented by different agents within the same brokerage, a dual agency situation arises at the brokerage level. Written consent must be obtained from both parties.
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Related Topics & Key Terms
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Related Concepts
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
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