Difficulty: Easy

Average Score: 100%

An individual is EXEMPT from real estate licensure in Ohio if the individual is

Rationale

acting as a custodian for an apartment complex.

In Ohio, individuals who perform specific tasks that do not involve negotiating or facilitating real estate transactions can be exempt from licensure. Acting as a custodian for an apartment complex involves maintenance and management duties rather than engaging in real estate sales or rentals, thus qualifying for exemption.

A (running a fee-based referral service that refers prospects to different complexes.) YOUR ANSWER

This choice involves connecting potential renters or buyers to real estate opportunities for a fee, which falls under activities requiring a real estate license. Such services actively engage in facilitating real estate transactions, necessitating licensure in Ohio.

B (listing real estate for sale, rent, exchange or trade.) YOUR ANSWER

Listing real estate directly involves marketing properties, an activity that is expressly regulated and requires a real estate license in Ohio. This choice does not represent an exempt activity, as it is a core function of real estate brokerage.

D (procuring prospects for the rental of real estate.) YOUR ANSWER

This option entails actively seeking tenants or buyers for rental properties, which is considered a licensed activity. Procuring prospects directly relates to facilitating rental transactions, thereby necessitating licensure in Ohio.

Conclusion

In Ohio, the exemption from real estate licensure applies to roles that do not involve negotiation or facilitating transactions, such as acting as a custodian for an apartment complex. Other activities, including referral services, listings, and prospect procurement, require a real estate license due to their involvement in the buying, selling, or renting of properties. Understanding these distinctions is crucial for compliance with Ohio's real estate regulations.

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