If a license isn’t renewed, how long does the licensee have to complete renewal requirements before the license is revoked by the Ohio division of real estate?
A suspended license must be reactivated within one year, or the division will revoke it and the licensing process starts over at the beginning.
If a corporation submits an application for an Ohio broker’s license, the application must include the name of the president and what else?
Corporations applying for broker’s licenses have to include the name of all company officers, including the president, on their applications.
Dora just received her Ohio real estate broker license. What post-licensing requirements must she fulfill?
She must complete 10 hours of post-licensing within 12 months of broker license issuance.
Who would apply for a foreign real estate license?
A licensee from another state or jurisdiction who wants to sell out-of-state real estate in Ohio
An Ohio salesperson who wishes to transfer to a different broker must first provide what to whom?
Transferring broker affiliation begins with a written notification of the intent to transfer. The next step would be for the salesperson to file a transfer application with the superintendent of real estate.
David resigned his broker’s license when he became a certified financial advisor. Four years have passed, and David decides he’d like to sell real estate again. What does he have to do to reactivate his Ohio license?
Start the licensing process over by completing the required coursework, taking the exam, and applying for the license.
Shelly renewed her Ohio real estate salesperson license on August 23 of this year. When is her next renewal date?
August 23 three years from now
In Ohio, real estate salespeople must complete ______ hours of post-license education within the first year of initial licensing.
20
In Ohio, applicants for a broker’s license must show the equivalent of how many completed transactions?
20
What happens to an Ohio license that’s returned to the division of real estate because a licensee is terminated?
A real estate license which is returned to the Ohio Division of Real Estate and Professional Licensing because of licensee termination is automatically suspended until the licensee finds a new broker and goes through the reactivation process.
When done for others and for compensation, which of the following may be done by someone who doesn’t hold an Ohio real estate license?
Negotiating, selling, or offering to sell real estate all require a license if done for others and for compensation. Research using public information doesn’t require a real estate license.
For how long may Ohio brokers place their licenses on deposit with the division of real estate?
Brokers can place their licenses on deposit indefinitely with the division. However, they must keep up with education and renewal requirements while their licenses are on deposit.
How many hours of continuing education must Ohio licensees complete during every licensing period?
30
Ronald is a real estate salesperson in Ohio. The broker he associated with passed away. What happens to Ronald's license?
His license will be suspended until he associates with a new broker and applies for reinstatement.
Who’s required to take 10 hours of post-license education during their first year after getting an initial Ohio real estate license?
Brokers
In which of the following situations can an Ohio licensee maintain possession of the license without first returning it to the real estate division?
When licensees plan to transfer to a new broker, they may hang on to their licenses and transfer them directly to the new firm without first returning them to the division.
If your Ohio license was suspended as the result of a disciplinary sanction, what must you do to reactivate your license?
Suspension due to disciplinary sanction is different than suspension due to expiration. If a license is suspended because of a sanction imposed by the commission, all terms must be met before license reactivation is possible.
Who must complete at least three CE hours during each licensing period on brokerage operations and duties?
Brokers and management level licensees
What happens if you move while you’re licensed in Ohio?
To ensure that all division communications reach you in a timely manner, you must inform the superintendent if you change your residence.
Jeff and Jamie are limited partners organized in a limited liability partnership (LLP). They would like to use their partnership’s name to apply for an Ohio broker’s license. Which of the following requirements do they have to meet in order to be eligible?
When an LLP applies for a broker’s license, at least one of the partners must be a licensed broker. As with all companies applying for broker’s licenses, the affiliated licensed broker must serve as a real estate broker only for the company.