Under Ohio law, what must happen to a salesperson's license when the salesperson's employing broker dies (sole proprietor with no other brokers)?
Correct Answer
D) The salesperson's license becomes inactive and the salesperson must affiliate with a new broker to continue practicing
A salesperson may not continue practicing without brokerage affiliation. When the affiliation ends because the sole-proprietor employing broker dies, the salesperson’s license becomes inactive; the salesperson must affiliate with another broker and meet reactivation requirements before continuing licensed activity. Option D is correct.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
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