109k views
2 votes
A buyer is about to make a written offer on a listing. The sales agent says that, under Ohio law, $1,000 in earnest money must accompany the offer. The sales agent is guilty of____

User Tworec
by
7.8k points

1 Answer

0 votes

Answer:

The sales agent is guilty of misrepresentation

Step-by-step explanation:

Under the Fraud and/or misrepresentation act of the OHIO LAWS: "No holder of a license or permit shall misrepresent the facts or commit fraudulent acts before, during or after the sale of a hearing aid, nor shall the holder of the license or permit use either means to obtain any fee"

The sales agent is using his position to extract a $1000 from the buyer before proceeding to the offer which is inline withe the act of "misrepresentation"

User Seanieb
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.