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Oh Division Of Re Rules Disciplinary ProcessDivision_rulesMEDIUM

An Ohio salesperson completes a transaction and wants to receive her commission directly from the seller at closing. Under Ohio law, this arrangement is:

Correct Answer

D) Prohibited; commissions must be paid through the salesperson's employing broker

Under ORC §4735.20, Ohio law requires that all commissions and compensation to salespersons be paid through their employing broker. A salesperson cannot receive commission directly from any party to the transaction.

Answer Options
A
Permitted if the seller agrees in writing
B
Permitted if the salesperson has been licensed for more than 5 years
C
Permitted only for transactions under $100,000
D
Prohibited; commissions must be paid through the salesperson's employing broker

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Related Topics & Key Terms

Key Terms:

commission_paymentthrough_brokersalesperson_compensation
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