An Ohio broker discovers that a salesperson working under her license has been depositing earnest money checks into the salesperson's personal bank account. The broker should:
Correct Answer
B) Immediately terminate the salesperson and report the violation to the Division of Real Estate
Depositing earnest money into a personal account constitutes commingling and is a serious violation of Ohio real estate law. The broker has a duty to supervise salespersons and must take immediate action, including terminating the relationship and reporting the violation to the Division of Real Estate. Failure to act could result in disciplinary action against the broker.
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More Oh Division Of Re Rules Disciplinary Process Questions
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