An Ohio broker wants to use an online platform that automatically calculates and distributes commissions at closing. Under Ohio law, the broker must ensure that:
Correct Answer
B) All commissions flow from the broker to salespersons, even when using automated platforms
Under ORC §4735.20, all commissions paid to salespersons must flow through the employing broker. Even when using automated platforms, the broker must ensure that the commission distribution process complies with this requirement — the broker receives the commission and then distributes the salesperson's share.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Oh Division Of Re Rules Disciplinary Process Question
Background Knowledge for Oh Division Of Re Rules Disciplinary Process
Real World Application in Oh Division Of Re Rules Disciplinary Process
Common Mistakes to Avoid on Oh Division Of Re Rules Disciplinary Process Questions
Related Topics & Key Terms
Key Terms:
More Oh Division Of Re Rules Disciplinary Process Questions
An Ohio salesperson places a 'For Sale' sign on a listed property. Under Ohio Division rules, the sign must include:
An Ohio salesperson wants to advertise a property she is selling as a FSBO (For Sale By Owner) since she owns the property. Under Ohio rules:
An Ohio salesperson creates a magnetic car sign advertising her real estate services. The sign includes her photo, name, and phone number but not the brokerage name. This sign:
An Ohio broker wants to advertise that his brokerage sold '$50 million in real estate last year.' Under Ohio advertising rules, this claim:
In Ohio, when a listing expires and the property is no longer listed with the brokerage, what must the agent do with any existing advertising?
- → An Ohio broker wants to advertise using the nickname 'Tom the Realtor' instead of his legal name. Under Division rules:
- → An Ohio salesperson places an ad in a local newspaper for a listed property. The minimum information that MUST appear in the ad under Ohio Division rules is:
- → An Ohio salesperson wants to include her professional designations (e.g., 'CRS, ABR') in her advertising. Under Division rules, this is:
- → Under Ohio Division rules, all real estate advertising by a salesperson must include:
- → In Ohio, an advertisement for a listed property must NOT contain:
- → An Ohio salesperson includes the phrase 'Licensed Ohio Real Estate Agent' in all of her advertising. Under Division rules, this phrase is:
- → An Ohio salesperson wants to host an open house for a listing. The open house signs and directional arrows she plans to use must include:
- → Under Ohio advertising rules, all of the following would constitute a violation EXCEPT:
- → An Ohio broker operates under the registered business name 'Premier Real Estate Group.' One of his salespersons advertises using the name 'Premium Realty Associates.' The Division would MOST likely consider this:
- → An Ohio brokerage acquires another brokerage and all of its listings. The acquiring brokerage has a different name. Regarding the advertising of the acquired listings, the new brokerage must: