Friday, March 4, 2016

What Does Ohio Law Require When A Licensee Becomes A Buyer Or Seller?

When a Licensee becomes a Buyer or Seller they cannot be a Dual Agent in the transaction. When listing a property the licensee if they decide they would like to purchase the home they have listed cannot represent the Seller and themselves in the transaction. The Seller may appoint another agent in the brokerage to represent them or the licensee may refer another agent in the brokerage and the licensee would represent themselves.When a Licensee becomes a Buyer or Seller they cannot be a Dual Agent in the transaction. When listing a property the licensee if they decide they would like to purchase the home they have listed cannot represent the Seller and themselves in the transaction. The Seller may appoint another agent in the brokerage to represent them or the licensee may refer another agent in the brokerage and the licensee would represent themselves. http://www.realestateresource.tv
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