Updated April 23, 2024
An Ohio real estate listing agreement is a contract made between a real estate agent and a principal (seller of property). By signing a listing agreement, the agent agrees to find the owner the best offer for their property in exchange for a commission. There are three (3) types of listing agreements in Ohio; an “Exclusive Right to Sell Listing Agreement,” an “Open Listing Agreement,” and an “Exclusive Agency Listing Agreement.” Each agreement establishes a different relationship between agent and principal. However, key terms that are always included in a listing agreement are property information, commission rate, disclosure and confidentiality, and the duties and obligations of both parties.
Agency Disclosure Form – A standardized agency disclosure statement must be completed by the licensee and the parties involved in the transaction of real property.[1]
Dual Agency – Dual agency relationships are permitted in the State of Ohio as long as both the seller and buyer provide their written consent (included in the Agency Disclosure Form).[2]
Property Disclosure Form – The State of Ohio Department of Commerce provides a residential property disclosure form that must be completed by the seller of a residential property and presented to a potential buyer.[3]
Search a Licensee – Real estate licensees can be researched using Ohio’s Department of Commerce website.