Under Ohio law, in which situation does an agency relationship typically begin between a broker and a seller?
Correct Answer
B) When the broker and seller sign a listing agreement
Under Ohio law, the formal agency relationship between a broker and seller is typically established when the listing agreement is signed. While agency can potentially arise through conduct, the signed listing agreement is the definitive creation point.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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