Ohio Admin. Code 1301:5-6-08 - Appointment of licensees
(A) When an agency relationship is formed
between a licensee and client, that client may delegate to that licensee, the
authority to specifically appoint other licensees within the same brokerage to
represent the client's interests. This delegation must be done in writing and
must be signed by the client. It must also include language notifying the
client he has
of the right to veto the appointment of any other
licensee within the brokerage.
(B)
If any delegation of authority to appoint as outlined in paragraph (A) of this
rule is made, the licensee must notify the client, at the time the appointment
takes place, that such an appointment is being made.
(C) When any delegation of authority to
appoint as outlined in paragraph (A) of this rule creates a dual agency
relationship described in section
4735.70 of the Revised Code,
both the seller and the purchaser in the transaction must have full knowledge
of the dual representation and consent in writing to the dual representation on
the agency disclosure statement described in section
4735.57 of the Revised
Code.
Notes
Promulgated Under: 119.03
Statutory Authority: 4735.10
Rule Amplifies: 4735.53(B)(3)
Prior Effective Dates: 05/18/1998, 01/01/2013
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.