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Oh Division Of Re Rules Disciplinary ProcessDivision_rulesHARD

Under Ohio's real estate licensing law, all of the following are grounds for disciplinary action by the Superintendent EXCEPT:

Correct Answer

A) Charging a commission rate higher than what the local Board of Realtors recommends

Commission rates are negotiable between the broker and client. Neither the Superintendent nor any Board of Realtors sets or recommends commission rates. Antitrust laws prohibit price-fixing of commission rates. Charging any negotiated commission rate is not grounds for disciplinary action.

Answer Options
A
Charging a commission rate higher than what the local Board of Realtors recommends
B
Failing to complete continuing education requirements by the renewal deadline
C
Commingling client funds with the broker's personal or business operating funds
D
Making substantial misrepresentations regarding a property's condition

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Key Terms:

disciplinary_groundscommission_ratesantitrustreverse_question
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