Buyer Brokerage

1. If I choose to represent a buyer in a transaction must I have a written buyer representation agreement with the buyers?

Answer: No. There is no legal requirement that the buyer broker agreement be in writing. However, it is recommended that the agreement be in writing so that there is no misunderstanding as to the agreed terms.

2. Does Ohio license law require any specific provisions in a written buyer broker agreement?

Answer: A written buyer broker agreement must contain a definite expiration date, the fair housing logo, fair housing language and a place for the buyer(s) to sign and date.