coursework, taking the exam, and applying for the license.

Unit 3: Care and Feeding of Your Ohio License Flashcards

The Ohio Division of Real Estate and Professional Licensing revoked Charlie's license because he didn't renew it for almost two years. What does Charlie have to do to get his license back?Start the licensing process over by completing the required coursework, taking the exam, and applying for the license.Shelly renewed her Ohio real estate salesperson license on August 23 of this year. When is her next renewal date?August 23 three years from now In which of the following situations can an Ohio licensee maintain possession of the license without first returning it to the real estate division?Transfer to a new broker An Ohio salesperson who wishes to transfer to a different broker must first provide what to whom?A letter of intent to transfer to the salesperson's current broker Revoked licenseLicensee loses ability to perform brokerage services, which occurs if suspended license is not remediated What happens to an Ohio license that's returned to the division of real estate because a licensee is terminated?It's suspended Gerardo's mother was diagnosed with Alzheimer's, so he decided to put work on hold for a few months while he arranged for her care and spent some time with her. He told his broker Christine that he was going to give up his license for a bit, but asked her to let him know when she made arrangements for in-office continuing education (CE) as he wanted to get his credits. What is the status of Gerardo's license?inactive license David resigned his broker's license when he became a certified financial advisor. Four years have passed, and David decides he'd like to sell real estate again. What does he have to do to reactivate his Ohio license?Start the licensing process over by completing the required coursework, taking the exam, and applying for the license.What must you do if you want to work for a different broker and change your Ohio license affiliation?Pay a $25 fee to the division.Under which four of these circumstances would the Ohio Division of Real Estate and Professional Licensing hold a licensee's physical license?License deactivationBroker terminationLicense suspensionBroker deposit Inactive Ohio licensees who want to reactivate their licenses after military service must provide ______ in order to be reactivated.Proof of honorable discharge How many hours of continuing education must Ohio licensees complete during every licensing period?30 When an Ohio salesperson is terminated by a broker, what happens to the salesperson's license?The broker returns it to the real estate division.During the first year of licensure, licensees must complete a specific requirement. What must salespeople and brokers

do during the 12 months following license issuance?Post-license education within the first 12 months

Indicate whether each of the following statements about continuing education is true.Management level licensees are required to complete 12 hours of mandatory education, including three hours on brokerage operations.Every three years, at least three hours of continuing education must be on state and federal legislation affecting real estate.Continuing education credit is only granted for a maximum eight hours per day.Which answer tells how you will be notified when your Ohio license is up for renewal?Via mail at your personal address Annika had been working as a part-time real estate salesperson when her oldest child was diagnosed with a treatable orthopedic condition. Annika never actually surrendered her license, but just let her brokerage colleagues know that she wouldn't be taking on any new clients until her daughter's treatment was complete. She didn't pay any attention to her license status until one day, she received certified mail letting her know that her license renewal was more than 15 months late. Which status did this letter state relative to Annika's license?Revoked license Ohio sends renewal notification about two months before all of your continuing education must be completed and renewal application submitted. What will happen if you miss the deadline for completing your CE?Your license is suspended and you must complete the 30 hours and pay a penalty along with your renewal fee.Ryland has been affiliated with Better Homes Brokerage for 18 months, but has only completed two transactions. His principal broker doesn't think Ryland seems committed to marketing or building a client base, so plans to end their affiliation at the end of the month.What kind of status change is this?Broker termination Paula was closing two very large commercial transactions the week that her license renewal was due, and her renewal somehow slipped through the cracks. She took a week off to celebrate, but as soon as she got back, she realized her folly. What does Paula have to do to reactivate her now-suspended license?Choose all that apply.Complete her continuing education.Submit proof of her continuing education.Submit a completed renewal application.Submit her renewal fee.Submit a penalty fee.Demetrius was issued an Ohio real estate salesperson license on October 18. His birthday is March 13. When will his first renewal be due?March 13 in the year immediately following his initial licensing Suspended licenseLicense is placed in this status for one year after a license expires intentionally or unintentionally Annalise is one among many first-year salespeople at her current brokerage, and she doesn't feel she's receiving the training or support she needs to be successful. After careful consideration and some conversations with other firms, she's decided that she doesn't want to work for Your Time Realty anymore and instead wants to affiliate with First

Choice.What kind of status change is this?Brokerage transfer Matthew was called to active duty military service for the past eight months, so his salesperson's license expired and was suspended. How long does he have after discharge to reactivate his license?180 days