Under Ohio law, what happens to a salesperson's license when the salesperson leaves their broker?
Correct Answer
B) The license becomes inactive and the salesperson must affiliate with a new broker to activate it
Under ORC §4735.18, when a salesperson leaves a broker, the license becomes inactive. The salesperson cannot conduct real estate activities until affiliating with a new broker and activating the license.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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