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A mortgage company asks a training manager to validate an Ohio loan-originator transfer involving sponsorship and employment status. Which statement is reliable?

Correct Answer

A) 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
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.
B
Postpone the Ohio sponsorship and employment status issue until the next annual review.
C
Use only the federal baseline and ignore the separate Ohio state requirement.
D
Apply the rule only after the Ohio regulator has already opened an examination.

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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