Lawriter - OAC - 1301:5-6-01 Management level licensee.

1301:5-6-01 Management level licensee.

(A) A licensee will be found to be a management level licensee under division (FF) of section 4735.01 of the Revised Code if both of the following apply:

(1) The licensee has been assigned management duties that involve oversight responsibilities for the brokerage's main office, a branch office, or a division within that brokerage by its principal broker; and,

(2) Those management duties include the supervision of affiliated licensees whose agency duties to their clients may conflict with those of other licensees affiliated with the brokerage.

(B) Supervision shall include, but not be limited to, the general oversight of, or the direction of, activities conducted by other real estate licensees affiliated with the brokerage.

(C) The assignment of supervisory duties to management level licensees does not relieve the principal brokers from the principal brokers' responsibility to actively oversee and direct the operations of the business conducted on behalf of the brokerage.

Effective: 2/10/2019
Five Year Review (FYR) Dates: 11/26/2018 and 11/26/2023
Promulgated Under: 119.03
Statutory Authority: 4735.10
Rule Amplifies: 4735.01
Prior Effective Dates: 01/01/1997