Whether you are listing, buying or leasing property, a real estate agent can
provide you with expertise and assistance. In some cases, the real estate agent
will represent you as his/her client; in other instances you may be working
with the agent as a customer.
Under Ohio law, real estate agents and brokers are required to provide you
with a form that discloses who they will represent in the transaction. The "Agency
Disclosure Statement" will be presented to you before you are shown property
or discuss your financial ability to purchase or lease the property. Although
you will be asked to sign the form acknowledging that it was given to you, it
is not a contract and does not obligate you to work with the agent - it simply
serves as a consumer disclosure form to protect your interests.
The "Agency Disclosure Statement" helps you understand the role of
the real estate agent and broker in your real estate transaction. It is also
intended to help you understand the role of other agents who may be involved
in the transaction. To view a copy of the "Agency Disclosure" form
click
here.
Another form that you may be given later in the transaction is a "Dual
Agency Disclosure Statement." You would only be asked to sign form this
if your agent is going to represent both parties involved in the real estate
transaction (i.e., buyer and seller). To view the "Dual Agency" form
click
here.
(Note: Both forms above listed are in .PDF format. For the free
Adobe Reader download to view these documents, click below.)
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