Under Ohio law, all of the following are types of listing agreements recognized in Ohio EXCEPT:
Correct Answer
B) Guaranteed sale listing
Ohio does not recognize a 'guaranteed sale listing' as a formal listing type. Brokers cannot guarantee a sale. The recognized types include exclusive right-to-sell, exclusive agency, and open listings.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
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