Ohio Agency Model Cheat Sheet

📋 The 1-minute cheat sheet

• Agency relationships in Ohio must be disclosed using an Agency Disclosure Statement.
• The Agency Disclosure Statement identifies who each agent and brokerage represents in the transaction.
• A buyer's agent represents the buyer; a seller's (listing) agent represents the seller.
• Dual agency occurs when one brokerage represents both buyer and seller; it requires informed, written consent.
• Brokerages should maintain a written brokerage policy on the types of agency relationships they offer.
• A salesperson's agency duties flow through the broker who holds the license.
• Disclose your agency status to the parties at the appropriate point in the transaction, before sharing confidential information.