An Ohio licensee whose license was revoked by the Superintendent seeks to be relicensed. Under Ohio law, the licensee must:
Correct Answer
C) Wait at least 2 years, demonstrate rehabilitation, and apply for a new license with Superintendent approval
Under ORC §4735.051, a licensee whose license has been revoked must typically wait a minimum period (at least 2 years in most cases), demonstrate rehabilitation, and apply for a new license. The Superintendent has discretion to approve or deny the application based on the circumstances of the original revocation and evidence of rehabilitation.
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An Ohio broker's trust account reconciliation reveals that the account balance is $500 MORE than the total of all individual client ledger balances. This overage indicates: