Ohio License Law
In Ohio, a real estate broker who accepts compensation from both the buyer and the seller in the same transaction must:
AReturn one payment immediately
BDisclose the dual compensation to both parties and obtain their consent before or during the transaction✓ Correct
CReport the dual compensation to ODREPL immediately
DReduce both fees to one-half
Explanation
Ohio license law requires disclosure of dual compensation — receiving fees from both parties — and obtaining informed written consent from all parties before accepting compensation from both buyer and seller.
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