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The Real Estate Profession
Chapter 1
4
Real Estate & Planning
Professional
09/11/2013
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Term
Broker
 Definition
Any person, partnership, association, limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others or represents publicly that he does.
Term
Salesperson
 Definition
A licensed agent who is associated with a broker and may perform most of the acts of the broker on behalf of the broker.
Term
Eight Exceptions to Ohio's Real Estate License Requirements
 Definition
  • Person deals with own property
  • Fudiciary
  • Public Official
  • Attorney at Law
  • Manufactured Homes, Mobile Homes
  • Brokering of the Sale of Business Assets
  • Out of State Broker or Agent
  • Works with residential under supervision or broker paid salaried or hourly
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