Ohio License Law
Under ORC 4735, the Ohio Real Estate Recovery Fund compensates:
ALicensees who are underpaid commissions
BMembers of the public who suffer loss due to a licensee's illegal or fraudulent act✓ Correct
CBrokers whose listings expire without a sale
DSellers whose transactions fall through due to buyer default
Explanation
The Ohio Real Estate Recovery Fund provides compensation to members of the public who suffer actual loss due to the fraudulent, deceptive, or dishonest acts of an Ohio licensee.
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