Ohio License Law
An Ohio licensee who pays a referral fee to an unlicensed person is:
APermitted to do so if the amount is under $500
BIn violation of ORC Chapter 4735 and subject to disciplinary action✓ Correct
CPermitted if the referral person is a friend of the licensee
DRequired to do so under NAR standards
Explanation
Ohio law prohibits paying compensation for real estate services to unlicensed persons. Paying referral fees to unlicensed individuals is a violation of ORC Chapter 4735.
People Also Study
Related Ohio Questions
- Under Ohio law, a real estate licensee who pays an unlicensed person a portion of their commission for referrals is:Ohio License Law
- Under ORC Chapter 4735, how long does a newly issued Ohio real estate salesperson license remain valid before first renewal?Ohio License Law
- Under ORC Chapter 4735, a real estate licensee who is found to have violated license law may face which of the following penalties?Ohio License Law
- Under ORC 4735, which of the following activities by an Ohio licensee constitutes 'commingling'?Ohio License Law
State-Specific Concepts
License Law
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →