2021 Ohio PSI Real Estate Exam Prep Questions & Answers by Real Estate Exam Professionals Ltd

Author:Real Estate Exam Professionals Ltd.
Language: eng
Format: epub
Tags: study guide, exam prep, test prep, dummies guide, practice exam, kaplan, dearborn, barrons, exam cram, license exam
Publisher: Fun Science Group

106. Licensee Alison Croak has been given false information that her client, the seller, told her, but Alison does not know it's incorrect. If she passes this information on to the buyer's agent, will she face disciplinary action?

A. No, because she had no reason to think it was false.

B. Yes, because she should have verified that it was true.

C. Yes, both she and her broker will be liable, along with the client, for passing along incorrect information.

D. Both B and C.

Answer: A. Remember that an Ohio licensee is not liable to any party for false information that the licensee's own client provided to the licensee. If Alison passed along this information to another party in the real estate transaction, she is NOT held responsible, unless the licensee had actual knowledge that the information was false or acted with reckless disregard for the truth.

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