Ohio Real Estate Commission issues warning
Warning from the Ohio Real Estate Commission: Never Provide a Lock-Box Code to a Potential Buyer
The Ohio Real Estate Commission considers providing a potential buyer with a lock-box code and allowing them to view a property unattended a serious offense. In fact, the Commission recently ordered a licensee to serve a 10-day suspension, pay a $600 civil penalty, and complete three hours of education in ethics for providing a lock-box code to a client which resulted in the client’s unsupervised entry into the property.
A licensed real estate agent should always be present at showings and should never provide a lock-box code to a potential buyer. If you are unable to attend a previously-scheduled showing, you should have another licensed agent attend on your behalf or simply explain the situation to your client and reschedule the showing.
About Us
Mike became an agent in 2004 with Coldwell Banker West Shell. In 2005 we partnered with Gary Rogers to provide high quality resale of foreclosed properties. We work with leading banks to get homes back in the hands of families after foreclosure. On 11/13/09, Mike joined REMAX Elite in Mason Ohio to take his real estate career to the next level. Mike’s back ground is Chemical Engineering and previous SUBWAY franchisee. Mike and his wife Barbara are the caretakers of two Birman cats, Siegfried and Andy.
Our goal is to help buyers purchase foreclosed properties, help homeowners facing foreclosure understand their options and provide high quality resale service to lenders to resell their foreclosed home inventory.
We also have a healthy client base of “regular” buyers and sellers that find our expertise valuable.
Contact us at: www.teamkieffer.com Cell – 513-309-0563 fax 513-297-0537
Our blog is to provide information to our friends and clients on real estate related issues. We attempt to give credit to authors that we reprint here. Team Kieffer, Michael and Barbara Kieffer and REMAX Elite assume no responsibility or liability for the accuracy or suitability of any of the information presented. You should always check with your financial or legal advisor to check suitability. Any postings written by Michael or Barbara Kieffer are our current opinions, subject to change without notice and subject to copyright.
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