Under Ohio agency law, buyer's agent Shaw represents client Martin in purchasing a home. During the home inspection, the inspector discovers mold in the basement. The listing agent says the seller did not know about the mold. What is Shaw's primary duty?
Correct Answer
B) Advise Martin of the mold finding, discuss options, and help the client make an informed decision
Under ORC §4735.62, a buyer's agent owes fiduciary duties including advising the client of material findings and helping the client evaluate options such as requesting repairs, renegotiating the price, or withdrawing from the transaction.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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