Legal Question in Real Estate Law in Ohio
According to my real estate agent, Ohio Real estate law states (and per my brokers written purchase contract) "that neither the sellor nor the listing real estate broker/salesperson has a duty to keep the information of the buyer's offer confidential and thus may disclose the terms and conditions to competing buyers."
This gives the avenue for them to be able to negotiate a sale and or the terms with another buyer; why and why is this law? Conversely then, why cant my own agent or the sellor's agent "be able to discuss contract terms" of other prospective buyers to me? Any time I have asked, I am told it is a "conflict of interest" for them to offer such information to me...
1 Answer from Attorneys
If that statement is in the contact then you are agreeing to it. Strike it from the contract or better yet find another broker.
It is not the law in Ohio but by putting it in the contract it is agreed to by you. Again find someone else to market your home.
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