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Agency Disclosure Statement - Ohio
Agency Disclosure Statement is a legal document that was released by the Ohio Department of Commerce - a government authority operating within Ohio.
FAQ
Q: What is an Agency Disclosure Statement?A: An Agency Disclosure Statement is a document that states the relationship between a real estate agent and their client.
Q: Why is an Agency Disclosure Statement necessary?A: An Agency Disclosure Statement is necessary to inform the client about the agent's duties, responsibilities, and potential conflicts of interest.
Q: What information is included in an Agency Disclosure Statement?A: An Agency Disclosure Statement includes the name and contact information of the agent, the client's name, the type of agency relationship, and any potential conflicts of interest.
Q: What are the types of agency relationships that can be disclosed in the statement?A: The types of agency relationships that can be disclosed in the statement include a seller's agent, a buyer's agent, a dual agent, or a transactional agent.
Q: What is a seller's agent?A: A seller's agent is a real estate agent who represents the seller in a real estate transaction.
Q: What is a buyer's agent?A: A buyer's agent is a real estate agent who represents the buyer in a real estate transaction.
Q: What is a dual agent?A: A dual agent is a real estate agent who represents both the buyer and the seller in a real estate transaction.
Q: What is a transactional agent?A: A transactional agent is a real estate agent who facilitates a real estate transaction but does not represent either the buyer or the seller.
Q: Can an agent act as both a seller's agent and a buyer's agent in the same transaction?A: No, an agent cannot act as both a seller's agent and a buyer's agent in the same transaction. This would create a conflict of interest.
Q: What should a client do if they have any questions or concerns about the Agency Disclosure Statement?A: A client should ask their agent for clarification and seek legal advice if needed. It's important for the client to fully understand the terms and implications of the agency relationship.
Form Details:
- Released on February 10, 2019;
- The latest edition currently provided by the Ohio Department of Commerce;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the Ohio Department of Commerce.
Download Agency Disclosure Statement - Ohio
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