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Oh Division Of Re Rules Disciplinary ProcessDivision_rulesMEDIUM

An Ohio broker wants to open a brokerage with a virtual office (no physical office). Under current Ohio Division rules, this arrangement is:

Correct Answer

D) Permitted if the broker maintains a definite place of business and meets all Division requirements for record-keeping and public access

Ohio law requires a broker to maintain a definite place of business. While traditional physical offices are common, the Division may permit alternative arrangements as long as the broker meets all regulatory requirements for record-keeping, public access, license display, and trust account maintenance.

Answer Options
A
Prohibited; Ohio requires a physical office location for all brokerages
B
Permitted only if the broker also maintains a P.O. Box
C
Permitted only for brokers with fewer than 5 salespersons
D
Permitted if the broker maintains a definite place of business and meets all Division requirements for record-keeping and public access

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Related Topics & Key Terms

Key Terms:

virtual_officedefinite_place_of_businessbrokerage_operations
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