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?
Correct Answer
B) Complete all outstanding continuing education hours and pay applicable fees; because the lapse exceeds 12 months, retaking and passing the state licensing examination is also required
Under ORC §4735.07 and Ohio Administrative Code §1301:5-1-06, a licensee whose license has been lapsed for more than 12 months must complete all outstanding continuing education requirements, pay applicable reinstatement fees, and retake and pass the state licensing examination before the license may be reactivated. An 18-month lapse exceeds this threshold, triggering the re-examination requirement.
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Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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?
- → 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?
- → Under ORC Chapter 4735, continuing education for Ohio real estate licensees must be completed how often?