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Oh Disclosure RequirementsOh_specific_disclosuresMEDIUM

An Ohio property is in a township that has recently enacted a point-of-sale inspection requirement for residential property transfers. The seller was not aware of this new requirement. Under Ohio practice, whose responsibility is it to ensure compliance with local point-of-sale requirements?

Correct Answer

A) Both the listing agent and the seller share responsibility for identifying and complying with local requirements

In Ohio practice, both the listing agent and the seller share responsibility for identifying and complying with local transfer requirements. The agent should be knowledgeable about local requirements in their market area, and the seller has an obligation to comply with applicable laws governing the property transfer.

Answer Options
A
Both the listing agent and the seller share responsibility for identifying and complying with local requirements
B
The listing agent must identify and comply with all local transfer requirements
C
The buyer is solely responsible for identifying local requirements before purchasing
D
The Ohio Division of Real Estate handles all local compliance requirements

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Related Topics & Key Terms

Key Terms:

point_of_salelocal_complianceshared_responsibilityohio_disclosures
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