About This Book
Ohio Administrative Code (OAC) Chapter 1301:5 contains the rules governing real estate professionals in Ohio and is enforced by the Ohio Division of Real Estate. The chapter addresses licensing, examinations, continuing education, and business conduct requirements for real estate brokers and salespersons.
Core Rules Breakdown
The code is divided into key sections that govern daily practice and regulatory compliance:
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OAC 1301:5-1 (Licensing): Establishes procedures for license applications and fees, and outlines the requirements for passing broker and salesperson examinations.
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OAC 1301:5-5 (General Provisions): Sets forth rules for advertising and requires brokers engaged in property management to maintain separate property management trust accounts. It also defines exemptions for unlicensed on-site residential rental workers.
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OAC 1301:5-6 (Agency Relationships): Establishes requirements for dual agency, management-level licensees, and the consumer guide to agency relationships.
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OAC 1301:5-7 (Continuing Education): Defines the requirements, standards, and reporting timelines for both continuing education course providers and licensees.
Practice Tests Using This Book
This book is required or recommended for 1 licensing exam. Our practice tests include questions based on this material.