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Ohio · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 OhioIn Ohio, the Division of Real Estate & Professional Licensing investigates complaints against licensees, and the Ohio Real Estate Commission decides disciplinary action. Sanctions can include reprimand, fines, suspension, or revocation of a license for conduct such as fraud, misrepresentation, dishonest dealing, or violating license law and the Canons of Ethics. Ohio also maintains a Real Estate Recovery Fund that can reimburse consumers who obtain an unsatisfied court judgment based on a licensee's misconduct, and the offending licensee's license is generally suspended until the fund is repaid.
Yes. State License Law is a scored domain on the Ohio real estate licensing exam, and this topic appears in the state license-law portion.
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Ohio applies its own license law on top of the national portion. This page covers the Ohio rules specifically, which is what the state section of your exam tests.