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Ohio Real Estate Agent Listing Agreement

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Ohio Real Estate Agent Listing Agreement

Updated December 28, 2022

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 (§ 4735.57) – A standardized agency disclosure statement must be completed by the licensee and the parties involved in the transaction of real property.

Dual Agency (§ 4735.71) – 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).

Property Disclosure Form (§ 5302.30) – 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.

Search a Licensee – Real estate licensees can be researched using Ohio’s Department of Commerce website.