Ohio License Law
In Ohio, which of the following is considered a 'prohibited act' under ORC 4735.18?
ACharging a commission rate below the market average
BRepresenting to any person that a property has been sold when it has not, to mislead other brokers or the public✓ Correct
CCooperating with a buyer's agent from another brokerage
DPlacing a sign on a property with the owner's consent
Explanation
Falsely claiming a property has sold (to mislead competitors or the public) is a prohibited act under ORC 4735.18.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EasementA non-possessory right to use another person's land for a specific purpose.
Math Concepts
State-Specific Concepts
License Law
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