An Ohio salesperson wants to start a real estate investing company on the side while maintaining her license. Under Ohio law:
Correct Answer
B) She may invest in real estate, but must disclose her licensee status in all transactions where she is a principal
Ohio licensees may invest in real estate for their own account. However, they must disclose their status as a licensed real estate professional in all transactions where they are acting as a principal (buyer or seller). This disclosure requirement ensures transparency and protects consumers who may be dealing with a more knowledgeable party.
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