Ohio License Law
A licensed Ohio salesperson wishes to transfer to a new brokerage. What must happen for the transfer to be effective?
AThe salesperson files a transfer form directly with ODREPL without broker involvement
BThe new sponsoring broker must notify ODREPL of the affiliation✓ Correct
CThe old broker must sign a release form before any transfer is allowed
DThe salesperson must retake the licensing exam
Explanation
Under ORC 4735, the new sponsoring broker must notify ODREPL of the new affiliation. The salesperson cannot practice until the transfer is properly recorded.
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