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A regulator-facing procedure for Ohio operations addresses sponsorship and employment status. Which answer reflects the requirement?

Correct Answer

C) Ohio real estate licensees are not MLOs when they perform only real estate brokerage activities and are not compensated by a mortgage lender, broker, MLO, or agent.

Ohio real estate licensees are not MLOs when they perform only real estate brokerage activities and are not compensated by a mortgage lender, broker, MLO, or agent.

Answer Options
A
Apply the rule only after the Ohio regulator has already opened an examination.
B
Skip the Ohio requirement because the company already follows general SAFE Act procedures.
C
Ohio real estate licensees are not MLOs when they perform only real estate brokerage activities and are not compensated by a mortgage lender, broker, MLO, or agent.
D
Treat sponsorship and employment status as optional because the company has a general Ohio compliance policy.

Why This Is the Correct Answer

Ohio real estate licensees are not MLOs when they perform only real estate brokerage activities and are not compensated by a mortgage lender, broker, MLO, or agent.

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