2006 Ohio Revised Code - 4735.14. Term of license; notice of renewal; reactivation after suspension; notice of change of personal residence address.

§ 4735.14. Term of license; notice of renewal; reactivation after suspension; notice of change of personal residence address.
 

(A)  Each license issued under this chapter, shall be valid without further recommendation or examination until placed in an inactive status, revoked, suspended, or such license expires by operation of law. 

(B)  Each licensed broker, brokerage, or salesperson shall file, on or before the date the Ohio real estate commission has adopted by rule for that licensee in accordance with division (A)(2)(f) of section 4735.10 of the Revised Code, a notice of renewal on a form prescribed by the superintendent of real estate. The notice of renewal shall be mailed by the superintendent to the most current personal residence address of each broker or salesperson as filed with the superintendent by the licensee and the place of business address of the brokerage two months prior to the filing deadline. 

(C)  The license of any real estate broker, brokerage, or salesperson that fails to file a notice of renewal on or before the filing deadline of each ensuing year shall be suspended automatically without the taking of any action by the superintendent. A suspended license may be reactivated within twelve months of the date of suspension, provided that the renewal fee plus a penalty fee of fifty per cent of the renewal fee is paid to the superintendent. Failure to reactivate the license as provided in this division shall result in automatic revocation of the license without the taking of any action by the superintendent. No person, partnership, association, corporation, limited liability company, or limited partnership shall engage in any act or acts for which a real estate license is required while that entity's license is placed in an inactive status, suspended, or revoked. The commission shall adopt rules in accordance with Chapter 119. of the Revised Code to provide to licensees notice of suspension or revocation or both. 

(D)  Each licensee shall notify the commission of a change in personal residence address. A licensee's failure to notify the commission of a change in personal residence address does not negate the requirement to file the license renewal by the required deadline established by the commission by rule under division (A)(2)(f) of section 4735.10 of the Revised Code. 

(E)  The superintendent shall not renew a license if the licensee is not in compliance with this chapter. 
 

HISTORY: GC § 6373-38; 111 v 392, § 14; 114 v 106; 118 v 489; 122 v 561; Bureau of Code Revision, 10-1-53; 126 v 378 (Eff 9-20-55); 129 v 1091 (Eff 10-16-61); 132 v 145 (Eff 9-20-67); 132 v H 911 (Eff 6-11-68); 134 v H 132 (Eff 10-12-71); 135 v H 1199 (Eff 3-4-75); 141 v H 82 (Eff 9-11-85); 146 v H 354 (Eff 6-13-96); 148 v H 283 (Eff 9-29-99); 148 v H 524 (Eff 9-22-2000); 149 v H 272. Eff 4-5-2002; 150 v S 106, § 1, eff. 11-5-04.

 

Effect of Amendments

150 v S 106, effective November 5, 2004, deleted the second sentence of (B), which read: "The licensee shall indicate on the form whether the licensee wishes to maintain the licensee's license in an active or inactive status."