LICENSING REQUIREMENTS QUESTIONS &
ANSWERS
Ohio residency is - Answers :not required to obtain an Ohio real estate 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? - Answers :Dave must consent to
service of process through the Superintendent of the Ohio Division of Real Estate
correct!
As of October 2009, $1 of each license application fee received - Answers :is credited to
the Education and Research Fund.
To offer real estate located in another state to citizens in Ohio, - Answers :a person
must become a foreign real estate dealer.
One year after a license is issued - Answers :is the due date for the 10 Hour Post
License Sales Review course.
Continuing education requirements - Answers :will be due on the second renewal and
every following renewal.
No license is required as this is a - Answers :"For Sale By Owner" transaction
A real estate license is required to - Answers :sell a mobile home park, as that involves
the sale of land.
to maintain a license, a real estate sales agent must - Answers :take a 20-hour post-
licensing class within 12 months of passing the exam correct!
A broker sent salesperson B's license back to the Ohio Division of Real Estate. What
statement below is true? - Answers :the agent requested in writing that the license be
sent back the broker has three days to honor the request and must inform the agent in
writing that the request has been Acted upon correct!
A foreign real estate dealer must set forth - Answers :all of these items. He must also
file a copy of any building restrictions, deed restrictions, and plans, showing the form of
contract, method, and terms of sale, lease, or other dealing to be used in connection
with the foreign real estate, a list or schedule of all prices of the foreign real estate, and
a list or schedule of all commissions, allowances, or compensations that the foreign real
estate dealer is earning
Ohio license law states that a licensee's license - Answers :must be kept on file at the
brokerage's main place of business.
ANSWERS
Ohio residency is - Answers :not required to obtain an Ohio real estate 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? - Answers :Dave must consent to
service of process through the Superintendent of the Ohio Division of Real Estate
correct!
As of October 2009, $1 of each license application fee received - Answers :is credited to
the Education and Research Fund.
To offer real estate located in another state to citizens in Ohio, - Answers :a person
must become a foreign real estate dealer.
One year after a license is issued - Answers :is the due date for the 10 Hour Post
License Sales Review course.
Continuing education requirements - Answers :will be due on the second renewal and
every following renewal.
No license is required as this is a - Answers :"For Sale By Owner" transaction
A real estate license is required to - Answers :sell a mobile home park, as that involves
the sale of land.
to maintain a license, a real estate sales agent must - Answers :take a 20-hour post-
licensing class within 12 months of passing the exam correct!
A broker sent salesperson B's license back to the Ohio Division of Real Estate. What
statement below is true? - Answers :the agent requested in writing that the license be
sent back the broker has three days to honor the request and must inform the agent in
writing that the request has been Acted upon correct!
A foreign real estate dealer must set forth - Answers :all of these items. He must also
file a copy of any building restrictions, deed restrictions, and plans, showing the form of
contract, method, and terms of sale, lease, or other dealing to be used in connection
with the foreign real estate, a list or schedule of all prices of the foreign real estate, and
a list or schedule of all commissions, allowances, or compensations that the foreign real
estate dealer is earning
Ohio license law states that a licensee's license - Answers :must be kept on file at the
brokerage's main place of business.
