Question

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____

Answer 1

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"