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A state compliance officer documents an Ohio company policy update and needs one rule for sponsorship and employment status. Which statement belongs in the file?

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
Assume another state's approval automatically satisfies the Ohio requirement.
B
Apply the Ohio rule only to company licenses and never to individual MLO activity.
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
Handle sponsorship and employment status with an informal note rather than the required license, disclosure, filing, or record.

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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