Ohio License Law
Under ORC 4735, an Ohio broker who abandons their brokerage without properly notifying affiliated agents and clients may be subject to:
AOnly a written warning from ODREPL
BDisciplinary action including license suspension or revocation for failure to properly close or transfer the brokerage✓ Correct
CNo consequence because the agents can form their own brokerage
DOnly civil liability, not license discipline
Explanation
A broker who abandons a brokerage without properly winding down operations, notifying salespersons, and handling client matters may face serious disciplinary consequences under ORC 4735.
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