Ohio Broker Responsibilities

Overview

Brokers have critically important supervisory duties with regard to managing a brokerage and are expected to uphold the high ethical standards of the Ohio Canons of Ethics. Directing the firm’s operations, handling licenses, supervising licensees and other staff, and establishing company policies on agency are just a few of their many duties. They are also responsible for ensuring that advertisements comply with Ohio law and that earnest money and trust accounts are properly maintained. Importantly, brokers must be aware of the types of real estate practices that may lead to disciplinary action.

This course meets the 3-hour Ohio Broker Responsibilities course continuing education requirement.

Learning Objectives

Upon completion of this course, students will be able to:

  • recognize the importance of complying with the Ohio Revised Code and the Ohio Administrative Code
  • explain the rules relating to displaying and caring for licenses, address change notices, and nonresident licensing
  • recognize the types of acts that an unlicensed employee may lawfully perform
  • explain how to supervise affiliated licensees
  • recognize how to properly establish and maintain trust accounts
  • explain the agency relationships permitted in Ohio and the disclosures that must be made when acting as a dual agent
  • describe Ohio’s laws governing the payment of commissions
  • list the types of disciplinary actions that Ohio licensees may face 

Designed For

Ohio principal brokers, associate brokers, brokers on deposit, and management level licensees (whether brokers or salespersons) 

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