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Home » US Law » 2022 Ohio Revised Code » Title 47 | Occupations-Professions » Chapter 4735 | Real Estate Brokers

Section 4735.01 | Real Estate Broker Definitions.

Effective: March 20, 2019 Latest Legislation: Senate Bill 263 – 132nd General Assembly As used in this chapter: (A) “Real estate broker” includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, […]

Section 4735.02 | Requirement of License.

Effective: December 9, 2012 Latest Legislation: House Bill 487 – 129th General Assembly (A) Except as provided in section 4735.022 of the Revised Code, no person, partnership, association, limited liability company, limited liability partnership, or corporation shall act as a real estate broker or real estate salesperson, or advertise or assume to act as such, […]

Section 4735.021 | Contracts – Fees.

Effective: April 8, 1977 Latest Legislation: House Bill 23 – 112th General Assembly (A) Every licensee who is engaged in the business of referring prospective tenants to possible rental units or locations and who charges the prospective tenants a fee shall enter into a written contract with any prospective tenant and shall give him a […]

Section 4735.022 | Nonresident Commercial Brokers and Salespersons.

Effective: April 5, 2002 Latest Legislation: House Bill 272 – 124th General Assembly (A) An out-of-state commercial broker, for a fee, commission, or other valuable consideration, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration, may perform those acts that require a license under this […]

Section 4735.023 | Oil and Gas Land Professionals.

Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) An oil and gas land professional who is not otherwise permitted to engage in the activities described in division (A) of section 4735.01 of the Revised Code may perform such activities, if the oil and gas land professional does all of […]

Section 4735.03 | Ohio Real Estate Commission – Powers and Duties.

Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly There is hereby created the Ohio real estate commission, consisting of five members who shall be appointed by the governor, with the advice and consent of the senate. Four members shall have been engaged in the real estate business as licensed real […]

Section 4735.04 | Subpoena Power.

Effective: July 1, 2009 Latest Legislation: House Bill 525 – 127th General Assembly The Ohio real estate commission or the superintendent of real estate may compel, by order or subpoena, the attendance of witnesses to testify in relation to any matter over which the commission or superintendent has jurisdiction and which is the subject of […]

Section 4735.05 | Organization of Commission – Confidentiality.

Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) The Ohio real estate commission is a part of the department of commerce for administrative purposes. The director of commerce is ex officio the executive officer of the commission, or the director may designate any employee of the department as superintendent […]

Section 4735.051 | Investigating Complaints.

Effective: November 5, 2004 Latest Legislation: Senate Bill 106 – 125th General Assembly (A) Within five business days after a person files a signed written complaint against a licensed real estate broker or licensed real estate salesperson with the division of real estate, the superintendent of real estate shall acknowledge receipt of the complaint and […]

Section 4735.052 | Civil Penalty.

Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) Upon receipt of a written complaint or upon the superintendent’s own motion, the superintendent may investigate any person that has allegedly violated section 4735.02, 4735.023, or 4735.25 of the Revised Code, except that the superintendent shall not initiate an investigation, pursuant […]

Section 4735.06 | Broker’s License Application.

Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) Application for a license as a real estate broker shall be made to the superintendent of real estate on forms furnished by the superintendent and filed with the superintendent and shall be signed by the applicant or its members or officers. […]

Section 4735.07 | Broker’s Examination – License Qualifications.

Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A) The superintendent of real estate, with the consent of the Ohio real estate commission, may enter into agreements with recognized national testing services to administer the real estate broker’s examination under the superintendent’s supervision and control, consistent with the requirements of […]

Section 4735.08 | Conditions for Issuing License.

Effective: September 22, 2000 Latest Legislation: House Bill 524 – 123rd General Assembly The superintendent of real estate shall issue a real estate broker’s license when the superintendent is satisfied that: (A) An applicant who is not a partnership, association, limited liability company, limited liability partnership, or corporation satisfies one of the following: (1) Has […]

Section 4735.081 | Designation of Principal Broker.

Effective: April 6, 2017 Latest Legislation: House Bill 532 – 131st General Assembly (A) Each brokerage shall designate at least one affiliated broker to act as the principal broker of the brokerage. Any affiliated broker not so designated shall be an associate broker or management level licensee for that brokerage. (B) A brokerage shall report […]

Section 4735.09 | Salesperson’s Application – License Qualifications.

Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A) Application for a license as a real estate salesperson shall be made to the superintendent of real estate on forms furnished by the superintendent and signed by the applicant. The application shall be in the form prescribed by the superintendent and […]

Section 4735.091 | Relationship With Brokerage.

Effective: April 6, 2017 Latest Legislation: House Bill 532 – 131st General Assembly A real estate broker, real estate salesperson, foreign real estate dealer, and foreign real estate salesperson may be associated with a brokerage as either an employee or an independent contractor.

Section 4735.10 | Administrative Rules.

Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A)(1) The Ohio real estate commission may adopt reasonable rules in accordance with Chapter 119. of the Revised Code, necessary for implementing the provisions of this chapter relating, but not limited to, the following: (a) The form and manner of filing applications […]

Section 4735.11 | License Form and Size.

Effective: September 22, 2000 Latest Legislation: House Bill 524 – 123rd General Assembly The form and size of licenses issued under this chapter shall be prescribed by the Ohio real estate commission. Each broker’s or foreign real estate dealer’s license shall show the name and address of the licensee, and in the case of partnership, […]

Section 4735.12 | Real Estate Recovery Fund.

Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) The real estate recovery fund is hereby created in the state treasury, to be administered by the superintendent of real estate. Amounts collected by the superintendent as prescribed in this section and interest earned on the assets of the fund shall […]