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Consumer Guide to Agency Relationships Ohio  Form

Consumer Guide to Agency Relationships Ohio Form

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[Music] hi this is Joe from prep agent and today we're going to talk about agency relationships basically how do you define the relationship between the real estate licensee and then people who want to buy and sell real estate as they relate to real estate the terms customer and client also known as a principal often get confused the differences are subtle but important so let's look at them a little closer a customer is someone who is not represented by a real estate broker a customer can expect a broker to provide all information honestly but can't expect the broker to work in their best interest because there is no agency the broker does not represent them however any dishonesty committed can be a base of litigation on behalf of the customer becoming a client means you have foreign an agency relationship which entails a fiduciary responsibility from the broker to their client this means a broker is expected to exercise discretion when act on your behalf and t

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