2006 Ohio Revised Code - 4735.70. Dual agency defined.

§ 4735.70. Dual agency defined.
 

The following are dual agents under this chapter: 

(A) A licensee who represents both the purchaser and the seller as clients in the same real estate transaction; 

(B) A brokerage that represents both the purchaser and the seller as clients in the same real estate transaction; 

(C) A management level licensee who represents a client in an in-company transaction. If there is more than one management level licensee affiliated with the brokerage and either of the following applies, the management level licensee is not a dual agent: 

(1) The management level licensee personally represents either the seller or the purchaser in a transaction, in which case the management level licensee will represent only the interests of that licensee's client. 

(2) The management level licensee is the purchaser or seller in a transaction and will represent only that licensee's interest. 
 

HISTORY: 146 v H 354. Eff 12-13-96; 150 v S 106, § 1, eff. 1-1-05.
 

The effective date is set by section 3 of S.B. 106 (150 v  - ). 

 

Effect of Amendments

150 v S 106, effective January 1, 2005, added the last sentence to the introductory paragraph of (C), and (C)(1) and (2).