You asked: Which of the following would result in a null and void real estate license?

DEFINITION: A license becomes “null and void” after a licensee fails to renew the license for two consecutive licensure cycles. A null and void license cannot be reinstated unless the applicant demonstrates that he or she failed to renew the license due to an illness or economic hardship.

Which of the following would not result in a null and void license?

Which of the following would not result in a null and void license? A license that has been involuntary inactive for more than 1 year but less than 2 years (after the first renewal period).

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How long can a real estate license be inactive in Ohio?

The license may remain in inactive status (escrowed) indefinitely. not take while your license was in escrow (not to exceed 30 hours) prior to re-activation. You will also be required to submit updated proof of contractor liability insurance in the minimum amount of $500,000.

Which activity would require a real estate license?

Among them are: Negotiating for the listing, sale, purchase, exchange, rent, lease or option for. any real estate; Acting as referral agent; or.

Which of the following are common reasons that deals fail to close?

Common Reasons Why Pending Sales Never Make it to Closing

  • Financing Falls Through. …
  • Appraisals Come in Low. …
  • Home Inspections Reveal Major Problems. …
  • Title Searches Reveal Significant Issues. …
  • Buyer Can’t Sell Their Current Home.

Is null and void?

Canceled, invalid, as in The lease is now null and void. This phrase is actually redundant, since null means “void,” that is, “ineffective.” It was first recorded in 1669.

What does involuntary inactive mean?

Involuntary Inactive/Inactive – This means a licensee has not met renewal. requirements and prior to the expiration of the license they were not practicing. real estate services. The licensee will not be able to change their status until the. requirements for renewal have been met.

How do I reactivate my real estate license in Ohio?

How do I renew my suspended Ohio salesperson license?

  1. Submit a $227 renewal fee.
  2. Submit copies of 30 hours of continuing education.
  3. Complete a Transfer/Reactivation Application.
  4. Have a broker return original license.
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What happens if your real estate license expires in Ohio?

To reactivate an expired Ohio salesperson license, you’ll need to fill out the transfer/reactivation application. Submit proof you have met the 30 hours of continuing education requirement. The renewal fee is $227.50. Your broker also must return your original license.

How long does it take to get your real estate license in Ohio?

On average, it takes between two (2) – three (3) months to get an Ohio real estate license depending on the pace in which you complete the 120 hours of pre-licensing courses, pass your licensing examinations, the time it takes you to complete the application process and application processing times.

Which phrasing would be the best to tell a seller about the fact that the licensee works for the largest brokerage in town?

Which phrasing would be the best to tell a seller about the fact that the licensee works for the largest brokerage in town? “I work for the largest brokerage in town. This benefits you in that all the agents of my brokerage will be working to sell your property.”

Which of the following can the commission not do with respect to a nonresident license?

Which of the following can the commission NOT do with respect to a nonresident license? Require the nonresident licensee to move to Tennessee. A property’s taxes are $9,540 and are paid for in arrears.

When must the sales associate’s post license be completed in Florida?

Your license renewal date is between 18 and 24 months after you receive your initial Florida Real Estate License. If you have a Sales Associate license, you must complete 45 hours of post-licensing education. If you have a Broker license, you must complete 60 hours of post-licensing education.

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What can cause a closing to fall through?

A closing may fall through for many reasons, including title-insurance surprises, buyer financing rejections, inspection failures, and lowball appraisals. Even buyer’s remorse can sour a deal.

Can deal fall through at closing?

A closing deal might fall through if the buyer and seller can’t agree on who handles problems that arose during an inspection. Some sellers might want to give up the home as-is to expedite the sale, but buyers might not want to be on the hook for big issues.

Which of the following is an example of a failure to adequately tend to the duties and obligations of a fiduciary relationship?

Which of the following is an example of a failure to adequately tend to the duties and obligations of a fiduciary relationship? A real estate licensee putting in a lower offer for himself on a house than the licensee’s buyer had just offered.