US Legal Forms
Forms Kit
Agreements - Agreement Forms
Multi-State
Listing Agreement With A Broker Or Realtor To Sell Commercial...

Broker Property Real With A Lighter In Ohio

Q: Can I wholesale in Ohio without a license?

In Ohio, real estate wholesaling doesn&#039;t require a license if the wholesaler is acting as the principal buyer meaning they put the property under contract with the intention to resell it. However, licensing may be required if the wholesaler&#039;s activities resemble those of a real estate agent, such as the following.

Category:

Real Estate - Brokers

State:

Multi-State

Control #:

US-00439BG

Format:

Instant download

Description

The Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate in Ohio is a legal document that establishes an exclusive relationship between the seller and the agent for the sale of a specified property. This agreement allows the seller to grant the broker the sole right to market and sell their property, outline the sale price, and set the terms of payment. It includes provisions for the duration of the agreement, referral obligations for prospective buyers, and details regarding commission payments to the agent. The form also specifies the advertising responsibilities of the agent and the conditions under which deposits can be collected and managed. It is particularly useful for attorneys, partners, and real estate professionals who seek to establish clear terms and ensure compliance with Ohio laws while facilitating property sales. Paralegals and legal assistants can utilize this form to aid clients in navigating the complexities of real estate transactions, ensuring all necessary information is included and accurate.

Agreement commercial property for lease

View this form

Exclusive listing agreement statements for all residential dwellings

View this form

Form popularity

FAQ

A new Ohio law effective today drastically changes how Ohio real estate licensees represent clients, including when a prospective buyer wants to view a residential property. Licensees are now obligated to enter into a written agency representation agreement with a buyer before they can show a property to a buyer.

Ohio Revised Code The Revised Code is organized into 31 general titles broken into chapters dealing with individual topics of law. The chapters are divided into sections which contain the text of individual statutes. The laws are collected and published in the Ohio Revised Code.

In Ohio, real estate wholesaling doesn't require a license if the wholesaler is acting as the principal buyer—meaning they put the property under contract with the intention to resell it. However, licensing may be required if the wholesaler's activities resemble those of a real estate agent, such as the following.

(A)(1) An individual whom the state medical board licenses, certificates, or otherwise legally authorizes to engage in the practice of medicine and surgery, osteopathic medicine and surgery, or podiatric medicine and surgery may render the professional services of a doctor of medicine and surgery, osteopathic medicine ...

Real estate agents are licensed to help people buy, sell, and rent real estate and must work for a sponsoring broker or brokerage firm. Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them.

Regulating Real Estate Professionals. The Division of Real Estate and Professional Licensing is part of the Ohio Department of Commerce. This division is responsible for licensing Ohio's real estate brokers, salespeople, appraisers and foreign real estate dealers and salespeople.

You must be an active real estate agent for at least two years and complete at least 60 semester hours of post-secondary education. Completing the required 120 hours of broker education typically takes 3 to 6 months, depending on whether you attend full-time or part-time.