2006 Ohio Revised Code - 4735.32. Investigative powers of commission or superintendent; statute of limitations.

§ 4735.32. Investigative powers of commission or superintendent; statute of limitations.
 

(A) (1)  The Ohio real estate commission or the superintendent of real estate may commence, at any time within three years from the date on which an alleged violation of a provision of this or another chapter of the Revised Code occurred, any investigation that relates to the conduct of a licensed real estate broker, real estate salesperson, foreign real estate dealer, or foreign real estate salesperson, that is authorized pursuant to section 1349.11, 4735.051 [4735.05.1], or 4735.18, or any other section of the Revised Code, and that is for purposes of determining whether the licensee has violated a provision of this or another chapter of the Revised Code and whether, as a consequence, the licensee's license should be suspended or revoked, or other disciplinary action taken, as provided in this or another chapter of the Revised Code. If such an investigation is not commenced within the three-year period, it shall be barred, and neither the commission nor the superintendent shall suspend or revoke the license of any licensee, or take other disciplinary action against any licensee, because of the alleged violation of a provision of this or another chapter of the Revised Code that could have been the subject of the barred investigation. 

(2) For purposes of division (A)(1) of this section, if an investigation that is authorized by section 4735.051 [4735.05.1] of the Revised Code is involved, it shall be considered to be commenced as of the date on which a person files a complaint with the division of real estate pursuant to division (A) of that section. 

(B)  This section does not affect any criminal or civil liability that a licensed real estate broker, real estate salesperson, foreign real estate dealer, or foreign real estate salesperson, or any unlicensed person, may have under this or another chapter of the Revised Code or under the common law of this state. 
 

HISTORY: 142 v H 470 (Eff 1-4-88); 148 v H 18. Eff 10-20-99.