In Ohio the amount a broker may charge for commission is:
Question & Answer
Review the question and all answer choices
6.00%
A is incorrect because Ohio law does not mandate a fixed 6% commission rate. This option represents a common misconception that commissions are standardized by law.
Up to 6%
B is incorrect because there is no 'up to 6%' maximum commission established by Ohio law. This option incorrectly suggests a legal cap that doesn't exist.
Up to 7%
C is incorrect because Ohio law does not establish a 7% maximum commission rate. This is another distractor suggesting a fixed percentage limit.
Negotiable in the listing contract
Why is this correct?
D is correct because Ohio law does not set maximum commission rates. Commissions are entirely negotiable between brokers and clients, with the specific terms documented in the written listing contract.
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