Under Ohio law, the fiduciary duty of confidentiality requires a buyer's agent to:
Correct Answer
A) Protect sensitive client information, such as financial status and motivation for buying, from disclosure to other parties
Under ORC §4735.62, the duty of confidentiality requires the agent to protect sensitive client information from unauthorized disclosure. This includes financial capabilities, motivation, and negotiation strategies.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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