Under Ohio law, a buyer representation agreement typically includes all of the following provisions EXCEPT:
Correct Answer
C) A guarantee that the agent will find a property within the buyer's budget
Ohio buyer representation agreements do not guarantee that the agent will find a suitable property. Agents agree to use reasonable efforts but cannot guarantee results.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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