Under ORC Chapter 4735, for how long is a passing Ohio real estate licensing exam score valid for purposes of submitting a salesperson license application?
Correct Answer
A) 12 months from the date the exam was passed
Under ORC 4735.07, a passing score on the Ohio real estate salesperson licensing exam is valid for 12 months from the date the exam was passed. If an applicant does not submit a complete license application within that 12-month window, the exam score expires and the applicant must retake and pass the exam before applying.
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Related Topics & Key Terms
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Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
More Oh License Law Orc 4735 Questions
Under ORC Chapter 4735, which statement most accurately describes the role of the Ohio Real Estate Commission in relation to the Superintendent of Real Estate?
Under ORC Chapter 4735, the name on an Ohio broker's trust account must include which identification?
Under ORC Chapter 4735, which of the following describes a broker's authority over funds held in a trust account?
Under ORC Chapter 4735, an offer is submitted with a $7,500 earnest money check and the seller rejects it the following morning. When may the broker release the earnest money to the buyer?
Under ORC Chapter 4735, all of the following activities require an Ohio real estate license EXCEPT:
- → An Ohio salesperson is found to have refused to show properties to a buyer based solely on the buyer's military status. Which of the following accurately describes the legal consequences that may result?
- → An Ohio salesperson's license lapsed 18 months ago. Under ORC Chapter 4735 and Ohio Administrative Code rules, what is required before the salesperson can reactivate the license?
- → Under ORC Chapter 4735, Broker Adams wants to form a real estate partnership with Broker Lee. Which licensing requirement applies to the partnership entity?
- → Under ORC Chapter 4735, which of the following correctly describes a requirement that applies to continuing education courses completed by Ohio real estate salespersons?
- → Under ORC Chapter 4735, who has the authority to impose a civil penalty (fine) on an Ohio real estate licensee for a licensing violation?
- → A salesperson receives a referral fee directly from a mortgage lender for directing clients to that lender. Under ORC Chapter 4735, which statement correctly describes the licensee's obligation?
- → Under ORC Chapter 4735, what is the minimum period an Ohio broker must retain trust account records after a transaction is completed or terminated?
- → The Ohio Division of Real Estate & Professional Licensing is auditing a brokerage and discovers multiple violations. A licensee challenges the Division's authority, arguing it lacks jurisdiction over one of the following actions. Under ORC Chapter 4735, which action is OUTSIDE the Superintendent's statutory authority?
- → Under ORC Chapter 4735, which of the following most accurately describes a broker's obligation when holding earnest money received from a buyer?
- → Under ORC §4735.141, how are Ohio's 30 continuing education hours structured for active salespersons and brokers?