Under Ohio law, an agent owes all of the following duties to ALL parties in a transaction (whether clients or not) EXCEPT:
Correct Answer
B) Undivided loyalty and advocacy for the best possible outcome
Under ORC §4735.67, undivided loyalty is a fiduciary duty owed only to the agent's client, not to all parties. While all parties are entitled to honesty, fair dealing, and factual disclosures, loyalty and advocacy are reserved for the client.
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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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