Licensing Requirements Q&A 2023
To maintain a license, a real estate sales agent must - Answer- take a 10-hour post-licensing class within 12 months of passing the exam Any person, unless exempt from the Ohio Revised Code, who intends to sell, lease, or otherwise deal in any foreign real estate, shall file an application with the Superintendent of Real Estate in the form the Superintendent prescribes, and shall set forth - Answer- all of the answers shown Any person, partnership, or association who, for a fee or any other form of compensation, deals in the real property of others or publicly represents that he/she so deals, or who publicly represents others must have a - Answer- real estate broker's license A sales agent passes the exam on October 1st and his license is issued on October 4th. His birthday is October 10th. When must the sales agent renew his license? - Answer- on or before October 10th of that year, then every third year thereafter If a sales agent passes the real estate sales exam in October, his license must be renewed - Answer- on his next birthday and no later than his/her birthday every third year, thereafter In order to sell a cemetery plot, an agent must possess a(n) - Answer- None of these answers- there is no license required to sell cemetery plots A person who, in association with a broker, receives a fee or some other compensation for the selling, listing, leasing, or exchanging of the real property of another, must have a(n) - Answer- Ohio real estate sales license Dave lives in South Dakota. He wishes to become licensed as a real estate agent in Ohio. Would Dave be permitted to sit for the exam? - Answer- Dave must consent to service of process through the Superintendent of the Ohio Division of Real Estate To become a broker in Ohio, a salesperson must have been licensed for - Answer- Two years A real estate license is required to sell a(n) - Answer- mobile home park A asks B to manage his four-unit rental building. B agrees and charges A a flat, non-salary fee of $100 per month. B may manage A's rental property only if B - Answer- has an Ohio real estate license If a
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