Under Ohio law, Broker Avery supervises 25 agents across three offices. Agent Blake, working from a remote office, has been accepting listing agreements with automatic renewal clauses that extend indefinitely. When a seller complains, the Superintendent investigates. Under ORC Chapter 4735, what issues are identified?
Correct Answer
D) Both Agent Blake and Broker Avery may face discipline — Blake for using listings without definite expiration dates, and Avery for inadequate supervision
Under Ohio law, listing agreements must have definite expiration dates. Automatic renewal clauses that extend indefinitely violate this requirement. Under ORC §4735.18, the broker is also liable for inadequate supervision of the salesperson's listing practices.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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.
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