What Is A Consumer Agency Guide in Ohio?
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Why did a real estate agent want me to sign for a ‘Agency Guide?’ What’s this all about?”
What your real estate agent asked you to sign for was the Consumer Guide to Agency Relationships:
It is a state law in
The Real Deal: This was designed for your protection as a buyer. The Guide describes the different types of agency (how realtors represent clients) and also how the brokerage does business (the brokerage is the company whom the real estate agent works for).
In the past, there were problems where buyers misunderstood that the real estate agent was representing the seller, and would tell the real estate agent personal information that they shouldn’t have.
The state wanted to correct this problem and make sure the buyer’s rights were protected.
It’s important to know the following:
1. This is not a contract; you are under no obligation to anyone or anything by signing you have received it.
2. The purpose of your signature is simply to prove to the State of
3. Real estate agents are required by law to present these to buyers; you can choose to sign them or refuse to sign them. If you refuse to sign, we will simply note that you refused on our copy. (However, before you complete the purchase of a home this will need to be signed.) Signing this document makes your realtor’s job a lot easier.
January 30th, 2007 Columbus Buyer Info, Down to Business, The Good
[...] When a realtor is working with you on your behalf, that person is professionally and legally bound to represent your best interests. Remember, if you choose to work directly with a builder representation without a realtor, that builder representative is legally bound to represent the builder’s interests- they are an employee of the builder. How can a good realtor “make it all better”? [...]