Ohio Real Estate Principles and Practices Vocabulary-Hondros College of Business

Ohio Real Estate Principles and Practices Vocabulary-Hondros College of BusinessOhio Real Estate Principles and Practices Vocabulary-Hondros College of BusinessOhio Real Estate Principles and Practices Vocabulary-Hondros College of BusinessOhio Real Estate Principles and Practices Vocabulary-Hondros College of Business Broker - ANSWER-Any person, partnership, association, limited liability partnership, limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - ANSWER-A self-employed salesperson paid on jobs completed rather than hours worked and responsible for setting their own hours and paying their own taxes. An independent contractor is hired to perform a specific assignment or complete a specific project but is free to accept or reject that particular assignment. Multiple Listing Service (MLS) - ANSWER-A listing service whereby local member brokers agree to share listings and commissions on properties sold jointly. Members of the public may have access to the Multiple Listing Service but not all of the features and content that a local member of the Board of REALTORS is able to access. Real Estate Licensee - ANSWER-A person licensed to practice real estate in Ohio. Ohio law requires that any person, partnership, limited liability company, or corporation who,