Ohio License Law
What is an Ohio broker's responsibility for the actions of their associated salespersons?
ABrokers have no responsibility for salesperson actions
BBrokers are responsible for supervising salespersons and can be disciplined for salesperson misconduct✓ Correct
COnly salespersons are liable for their own actions
DResponsibility transfers to the client
Explanation
Under ORC 4735, Ohio brokers are responsible for supervising their salespersons. Brokers can face disciplinary action if they fail to properly supervise, and may share liability for salesperson misconduct.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
License Law
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