Under Ohio law, listing agent Palmer receives an offer from a buyer whose agent is from a different brokerage. The offer includes a request that the seller pay the buyer's agent's compensation. Under Ohio law, who decides whether to accept this request?
Correct Answer
C) The seller, because the decision to pay the buyer's agent is part of the offer negotiation
Under Ohio law, whether the seller agrees to pay the buyer's agent's compensation is a negotiable term of the offer. The seller has the right to accept, reject, or counter any terms, including compensation requests.
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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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