Ohio License Law
An Ohio licensee who is a party to a lawsuit involving real estate must disclose this on their license renewal if:
AThe lawsuit involves a property valued over $500,000
BIt relates to their real estate activities and is required by the renewal application✓ Correct
CThe lawsuit was filed in federal court
DOnly if they lost the lawsuit
Explanation
Ohio license renewal applications may require licensees to disclose pending or resolved lawsuits related to their real estate activities. Material litigation should be disclosed as required.
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