Ohio

License Portability Recognized: Yes

  • Cooperative State (Limited): An out-of-state licensee can enter into a co-brokerage agreement with a licensed broker of this state, and the out-of-state licensee can enter the state to work on the transaction.
  • Applies to commercial real estate only. Commercial real estate defined as any real property, other than the following; a) 1-4 residential units, even if sold in bulk, b) condos, c) townhouses, and d) manufactured homes.
  • The out-of-state licensee must file consent to the jurisdiction of the courts of this state.
  • The out-of-state licensee must file consent to the jurisdiction of the Commission of this state.
  • The out-of-state licensee must provide a certificate of good standing from their state of licensure to the licensed broker in this state.
  • All trust funds must be deposited into the trust account of the licensed broker in this state.

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