Under Ohio law, when a broker revokes a salesperson's affiliation, the broker must notify which entity?
Correct Answer
C) The Ohio Division of Real Estate and Professional Licensing
Under ORC §4735.18, when a broker terminates a salesperson's affiliation, the broker must notify the Ohio Division of Real Estate and Professional Licensing so the license records can be updated.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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