Ohio § 4735.621 Waiver of fiduciary duties

Ohio Statutes

§ 4735.621 — Waiver of fiduciary duties

Ohio § 4735.621

Title 47Occupations-Professions

Ch. 4735Real Estate Brokers

This text of Ohio § 4735.621 (Waiver of fiduciary duties) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 4735.621 (2026).

Text

(A)The duties required of a licensee under section4735.62of the Revised Code may not be waived by a client.

(B)A licensee shall perform the duties required under section4735.63or4735.65of the Revised Code unless the client agrees to waive these duties, and signs a waiver of duties statement pursuant to division (C) of this section.

(C)The superintendent of real estate, with the approval of the Ohio real estate commission, shall establish by rule a waiver of duties statement that shall contain the following:

(1)The fiduciary duties required of all licensees under section4735.62of the Revised Code;

(2)A list of those duties contained in section4735.63or4735.65of the Revised Code, which shall be set forth in a manner that allows for the parties to indicate which of those duties are b

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(A) The duties required of a licensee under section4735.62of the Revised Code may not be waived by a client.

(B) A licensee shall perform the duties required under section4735.63or4735.65of the Revised Code unless the client agrees to waive these duties, and signs a waiver of duties statement pursuant to division (C) of this section.

(C) The superintendent of real estate, with the approval of the Ohio real estate commission, shall establish by rule a waiver of duties statement that shall contain the following:

(1) The fiduciary duties required of all licensees under section4735.62of the Revised Code;

(2) A list of those duties contained in section4735.63or4735.65of the Revised Code, which shall be set forth in a manner that allows for the parties to indicate which of those duties are being waived;

(3) A statement that no other licensee is required to perform the waived duty on behalf of the client;

(4) A statement that legal counsel or other professionals may be hired by the client;

(5) A place for the client and licensee to sign and date the statement.