LICENSING REQUIREMENTS
No license is required as this is a
"For Sale By Owner" transaction
How many hours of continuing education does a salesperson need?
30 every three years, due on the licensee's birthday
A licensee must complete
30 hours of approved continuing education due every three years on his birthday.
Dave lives in South Dakota. He wishes to become licensed as a real estate agent in Ohio. Would Dave be permitted to sit for the exam?
Dave must consent to service of process through the Superintendent of the Ohio Division of Real Estate correct!
A person who, in association with a broker, receives a fee or some other compensation for the selling, listing, leasing, or exchanging of the real property of another, must have a(n)
Ohio real estate sales license
To become a broker in Ohio, a salesperson must have been licensed for
Two years
To offer real estate located in another state to citizens in Ohio,
a person must become a foreign real estate dealer.
A foreign real estate dealer must set forth
all of these items. He must also file a copy of any building restrictions, deed restrictions, and plans, showing the form of contract, method, and terms of sale, lease, or other dealing to be used in connection with the foreign real estate, a list or schedule of all prices of the foreign real estate, and a list or schedule of all commissions, allowances, or compensations that the foreign real estate dealer is earning
In order to maintain an Ohio Real Estate sales license, a sales agent must complete a 20-hour post-licensing course
before the end of the year in which the license is received within one year of receiving the license correct!
The 20-hour post-licensing course
does not have to be on any particular subject (e.g., fair housing). It must be taken within one year of passing the exam.
A real estate sales agent must complete 30 hours of real estate education
every three years, coinciding with the agent's birthday.
Three of the 30 hours must be devoted to
fair housing and civil rights, three to ethics, and three to core law
A asks B to manage his four-unit rental building. B agrees and charges A a flat, non-salary fee of $100 per month. B may manage A's rental property only if B
has an Ohio real estate license correct!
What would cause a real estate sales applicant to be denied permission to sit for the Ohio real estate sales exam?
having violated any civil rights law regarding real estate within the past two years
What would cause a real estate sales applicant to be denied permission to sit for the Ohio real estate sales exam?
having violated any civil rights law regarding real estate within the past two years correct!
If a sales agent passes the real estate sales exam in October, his license must be renewed
in October of the following year on his next birthday and no later than his/her birthday every third year, thereafter correct!
A salesperson's license can be placed on an inactive status
indefinitely. In order to return the license to active status, the salesperson must identify a broker with whom to be affiliated upon reinstatement, and pay a reinstatement fee
As of October 2009, $1 of each license application fee received
is credited to the Education and Research Fund.
Ten hours of post-license education
is required within the first year of licensure.
One year after a license is issued
is the due date for the 10 Hour Post License Sales Review course.
Ohio license law states that a licensee's license
must be kept on file at the brokerage's main place of business.
A person wishing to take the Ohio real estate sales exam
must have no criminal record, have no civil rights violations within the past two years, and have no unsatisfied judgments from a court of law. An arrest or an indictment is not the same as a conviction, and does not constitute a criminal record.
A person wishing to take the Ohio real estate sales exam must have
no criminal record, have no civil rights violations within the past two years, and have no unsatisfied judgments from a court of law. An arrest or an indictment is not the same as a conviction, and does not constitute a criminal record.
Ohio residency is
not required to obtain an Ohio real estate license.
As of January 1, 2007 every licensee must renew
on his/her next birthday after the license has been issued and every three years thereafter by his/her birthday.
Errors and Omission Insurance
protects the broker from mistakes that may cause a client harm. It doesn't cover fair housing violations or transactions in which the agent is also the principal.
Any person, partnership, or association who, for a fee or any other form of compensation, deals in the real property of others or publicly represents that he/she so deals, or who publicly represents others must have a
real estate broker's license
A real estate license is required to
sell a mobile home park, as that involves the sale of land.
to maintain a license, a real estate sales agent must
take a 20-hour post-licensing class within 12 months of passing the exam correct!
An applicant has one year from the date of licensing to complete
the 20-hour post-licensing course. The course does not have to contain any ethics training.
A broker sent salesperson B's license back to the Ohio Division of Real Estate. What statement below is true?
the agent requested in writing that the license be sent back the broker has three days to honor the request and must inform the agent in writing that the request has been Acted upon correct!
Since the agent requested that the license be sent back,
the broker is required to do so within three days.
four-unit complex is exempt only from
the federal Fair Housing Act.
On the anniversary of the license being issued a new broker or salesperson must be able to provide proof of?
the post license sales review class correct!
As part of the 30 hours of continuing real estate education that is required every three years, what must be included?
three hours of civil rights and fair housing correct!
An agent's 30 hours of continuing education are due on his birthday
three years after his license was issued correct!
an agent is employed by a broker
to assist or act on behalf of the broker.
non-residents must file consent
to service of process, which permits notice of legal action to be served them through the Superintendent of the Ohio Division of Real Estate.
Continuing education requirements
will be due on the second renewal and every following renewal.
