LEGAL INFORMATION – OHIO ASSOCIATION OF REALTORS
OHIO PROPERTY DISCLOSURE FORM
Peg Ritenour, vice president of legal services/administration for the Ohio Association of REALTORS, provides a timely refresher of Ohio’s Residential Property Disclosure Form, detailing: When the form is required; What transactions are exempt from use of the form; What to do if a seller refuses to complete the form; What the rescission rights are.
For more information on the Residential Property Disclosure Form, including an OAR-produced chart showing when its necessary and when it’s not, an exemption waiver form and white paper.
PROCURING CAUSE
Peg Ritenour, vice president of legal services/administration for the Ohio Association of REALTORS, explores one of the leading issues resulting in calls to the OAR Legal Hotline — disputes between brokerages over commissions. In this episode of Legal Matters, Peg offers an overview on the issue of procuring cause.
FOR SUMMARY…
ADVERTISING AND LICENSE LAW
What does Ohio license law require with regards to real estate agents advertising their listings/properties, or personal promotions such as business cards and yard signs? OAR’s Peg Ritenour explains.
HOW TO HANDLE MULTIPLE OFFERS
It’s evident that activity in Ohio’s housing market is really picking up based on the tremendous influx of calls the OAR Legal Hotline has received recently with questions about how to properly handle offers – and even multiple offers – once they are received.
EARNEST MONEY
One of the most frequently asked questions received by the OAR Legal Hotline concerns the proper handling of earnest money…
Is earnest money required to have an enforceable contract in Ohio? What constitutes “timely manner” for depositing of earnest money into a trust account? Which broker should hold the earnest money? If, for some reason, the contract doesn’t close…which party should get the earnest money?
The OAR Legal Hotline’s Peg Ritenour & Lorie Garland provide a comprehensive review of the Ohio license law requirements of handling earnest money in this must see episode of OAR Legal Matters!
PROPERTY MANAGEMENT AND LEASING ISSUES
In today’s environment more and more REALTORS are exploring the possibility of getting involved in Property Management and Leasing. While it’s a great business opportunity, there are plenty of pitfalls that a REALTOR must careful to avoid as OAR Legal Counsel Peg Ritenour explains in the premiere episode of the OAR Daily Buzz’s “Legal Matters.”
This must-see video outlines the state requirements necessary to engage in this business practice, along with other issues you need to think about. Peg touches on some of the most frequent questions that have been raised in calls to the OAR Legal Assistance Hotline.
