Under Ohio law, when a salesperson's license is suspended by the Superintendent of Real Estate, what is the effect on the salesperson's active client relationships?
Correct Answer
C) The salesperson cannot conduct any real estate activities, and the broker must reassign or transition the clients
Under ORC §4735.18, a suspended salesperson cannot conduct any real estate activities. The supervising broker must ensure that active clients are reassigned to other licensed agents or properly transitioned.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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