An Ohio broker discovers that a former salesperson who left the brokerage six months ago has been continuing to use the brokerage's name and trust account in unauthorized transactions. Under Ohio law, the broker should:
Correct Answer
C) Immediately report the unauthorized activity to the Division, notify the affected consumers, and take legal action to stop the misuse
The broker must take immediate action to protect consumers and the brokerage's reputation. This includes reporting the unauthorized use to the Division of Real Estate, notifying affected consumers, and taking legal action (such as a cease and desist letter or court injunction) to stop the former salesperson from misusing the brokerage's name and trust account.
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