Kristin Rosan, Madison & Rosan, LLP | Hondros College Contributor

A first-time homebuyer is a buyer that has not owned a property in the last three years. With the tightening of lending requirements after the mortgage crisis and increasing costs of housing, many first-time homebuyers have trouble saving for a down payment on a home. The legislation is currently pending in Ohio that would create… Read more

As real estate agents continue to evolve in how they represent clients and how they are compensated, the types of agency relationships and agreements remain unchanged. Understanding the duties and obligations that come with each type of agency relationship is important when evaluating how your practice will advance in an ever-changing real estate landscape. Three… Read more

Although not widely covered in the mainstream media, the U.S. Supreme Court has issued a ruling that overruled prior Supreme Court precedent that required a landowner to first exhaust property taking cases in state court before suing in federal court. The decision allows plaintiffs that believe a local government has taken their property, to sue… Read more

The Team Advertising Rule, which was inexplicably scrapped from the Division’s rule package enacted earlier this year, has been re-introduced. The rule addresses how teams may advertise and for the first time contains restrictions on what may and may not be included in a team’s name. Until now, the Division has not sought to regulate… Read more

Earlier this year, State Senator Nickie Antonio introduced the Ohio Fairness Act. Among other things, the Act proposes changes to Ohio’s Civil Rights Law by adding sexual orientation and gender identity to the list of persons protected under Ohio’s housing, employment, and public accommodation protections. Current law requires every real estate broker’s office to prominently… Read more

The Division of Real Estate has highlighted the need for real estate licensee to answer ethical conduct and legal history questions on licensure, renewal, and transfer applications correctly and honestly. Failure to do so could result in an investigation into whether you have procured a license by fraud, misrepresentation or deceit. The ethical conduct and… Read more