Ohio Core Law: Staying Out of Trouble

General Information

Approved Credit Hours: 3 hours

State: Ohio

Course Availability: 365 days from enrollment

Course Description

Welcome to Ohio Core Law: Staying Out of Trouble. This 3-hour course aims to educate you on the Ohio Revised Code statutes that pertain to real estate agents, specifically fraudulent practices, agency disclosure, real estate contracts, advertising, and trust account handling.

The first unit focuses on Ohio real estate laws that cover fraud and misrepresentation.

This unit will explore the different forms of misrepresentation and fraudulent practices that agents may encounter in the Ohio real estate market, providing insights into how to prevent them and effectively manage potential risks to their clients and their careers.

The second unit of this course focuses on violations of agency relationships and disclosure requirements, as outlined in Ohio real estate laws and related statutes. Agents must disclose their agency relationships to clients, and failure to do so can result in legal and financial consequences. This unit includes improper disclosure of agency relationships, breaching fiduciary duties to clients, and engaging in dual agency without proper disclosure.

The third unit focuses on violations of proper use of contracts, contingencies and clauses. This unit includes topics such as real estate contracts and agreements, essential elements of contracts, and potential consequences of contract violations.

The fourth unit focuses on advertising violations, as outlined in Ohio real estate laws and statutes. This unit includes topics such as misleading or untruthful advertising, violations of advertising regulations, and the consequences of not disclosing licensee status or brokerage information.

This final unit addresses trust account management and the consequences of commingling funds. Our objectives include understanding the significance of separate trust accounts, preventing the mishandling of client funds, and adhering to appropriate record-keeping and account reconciliation.

Furthermore, we will explore the pitfalls of commingling client and personal or business funds, such as using trust funds for personal expenses or delaying client fund deposits.

We hope by the end of this course you will have a thorough understanding of the legal and ethical requirements.

We also strive for you to grow as a professional while developing a clear understanding of potential consequences of violating Ohio real estate statutes related to misrepresentation and fraudulent practices, violations of agency relationships and disclosure requirements, real estate contracts and agreements violations, advertising violations, and trust account and commingling funds violations.

Course Topics

This course covers the following topics:

• Unit 1: Misrepresentation and Fraudulent Practices
• Unit 2: Agency Relationships and Disclosure Requirements
• Unit 3: Real Estate Contracts and Agreements
• Unit 4: Advertising
• Unit 5: Trust Account and Commingling Funds

Learning Objectives

Upon completion of the course, the student will be able to:

• Define and identify instances of false or misleading statements and concealing material facts in real estate transactions
• Explain the importance of transparency and honesty in real estate transactions and how the Ohio Real Estate Commission v. Estridge case highlights this importance
• Understand Ohio real estate laws and the requirements for proper disclosure of agency relationships, including dual agency and its proper disclosure to clients
• Describe the fiduciary duties agents owe to their clients and the consequences of breaching them
• Identify violations of agency relationships and disclosure requirements and the potential consequences of such violations
• Understand the essential elements of enforceable contracts, the importance of contingencies and clauses, and how to disclose and explain them to clients properly
• Identify common mistakes made when drafting contracts and the consequences of these mistakes
• Recognize violations of real estate contracts and agreements and understand the potential consequences of such violations
• Explain Ohio real estate laws, advertising regulations, and requirements for disclosing licensee status and brokerage information
• Identify misleading or untruthful advertising and its potential consequences
• Recognize violations of advertising regulations and their consequences
• Understand Ohio real estate trust laws, requirements for handling client trust funds, and consequences of commingling client funds with personal or business funds
• Recognize the importance of maintaining separate trust accounts and adequate record-keeping
• Identify violations of trust account and commingling funds regulations and understand the potential consequences of such violations

Instructor & Customer Support

For questions about the course content, please contact the Instructor.

Course Instructor: Chris Culbertson
Contact Information: instructor@onlineed.com
Instructor Availability: Monday-Friday, business hours, excluding holidays
Instructor Policy Response Time: within 1 business day
 
If you have questions about your account or course navigation, please contact the course provider:

OnlineEd
Phone: 1-(503)-670-9278
Email: mail@onlineed.com
Chat and additional options: https://www.onlineed.com/system/pages/contact.php

Completion & Attendance Requirements

Completion Requirements. Continuing education credit is awarded upon successful completion of all required course components and satisfaction of regulatory active time requirements.

Stay Active in the Course. The course platform electronically monitors active participation. Time tracking will pause during periods of inactivity. You may exit and return to the course at any time. Your progress will be saved.

Assessments

This course includes quizzes at the end of each unit, which must be completed.

There is no final exam.

Course Completion Survey

Students are encouraged to submit a survey upon completion of the course. This short survey helps us improve the course material and student experience. It is required by most regulatory agencies. Your thoughtful feedback is appreciated.

Certificates & Credit Reporting

Upon successful completion of all course requirements, a certificate of completion will be issued.  You are responsible for maintaining a copy of your certificates of completion and renewing your license with the state regulator. 

OnlineEd will automatically report course completion credits to OH DOC REPL within 1 business day on the student's behalf. Students don't need to take any additional steps for OnlineEd to initiate the reporting, except to complete the course and receive a completion certificate.

Technology Requirements

Courses may be accessed from a computer, tablet, or mobile device with a stable internet connection.  We recommend the most recent browser versions.  This includes all modern browsers and operating systems including Microsoft Edge, Google Chrome, Mozilla Firefox, Apple Safari, Opera, iPhone / iOS, and Android-based mobile devices, smartphones, and tablets. The course is entirely web-based and does not require any software to be downloaded or installed.  For accurate time tracking and progress recording, access courses in one browser window at a time. 

Course Prerequisites

There are no prerequisites for this course.

Refund & Cancellation Policy

All tuition and fees paid for the course are refundable when: (a) the course of instruction is discontinued by OnlineEd and such discontinuation has prevented a student from completing the course; or (b) the enrollment of the student was procured as a result of any misrepresentation in promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination. Refunds will not be given to any student after the student has successfully registered in a course or courses, as once registered, student has access to the registered courses. In hardship cases, OnlineEd may issue a refund at its sole discretion. OnlineEd does not issue retroactive partial refunds for courses that are subsequently discounted or put on sale after a student makes a purchase.

Academic Integrity and Identity Verification

Students must complete all coursework independently. OnlineEd prohibits misrepresentation of identity or allowing another individual to complete coursework on your behalf. Failure to comply with academic integrity policies may result in denial of credit.

Student Conduct Policy

Students are expected to show respect, courtesy, and consideration when interacting with school staff and students. Students are expected to conducting themselves in a professional, legal, and cooperative manner that is not disruptive, harassing, intimidating, or dangerous. Deviation from these standards may result in disciplinary action.

Non-Discrimination Policy

OnlineEd does not discriminate for admission on the basis of race, color, religion, sex, sexual orientation, national origin, marital status, age or disability. Any person who feels they have been unlawfully discriminated against may file a complaint with the School Director, either by email (schooldirector@onlineed.com) or by postal mail (ATTN: School Director, 14355 SW Allen Blvd. Suite 240, Portland, OR 97005). If OnlineEd determines that any employee of OnlineEd has engaged in discriminatory activity, such employee shall be disciplined.

Grievance Policy

If a student has a grievance against OnlineEd, its staff or students, the aggrieved student shall contact the School Director by email or mail, stating the nature of the grievance. The School Director shall evaluate the grievance and respond to the student based upon their findings.

Policies on Cheating and Misrepresentation

Cheating on courses that supply completion certificates, designations, or official credit is not tolerated. OnlineEd is not obligated to continue to furnish credit or continued support for students caught cheating on any part of the coursework or testing.
 
Misrepresentation of personal identity is strictly forbidden for all OnlineEd courses. Falsifying personal information, forgery, and misrepresentation may result in immediate suspension. Additional actions by state and federal agencies may include loss or suspension of a license, failure to grant a license, fees, or criminal prosecution.

Publisher

This course is developed and delivered by OnlineEd, LLC.

OnlineEd, LLC
14255 SW Allen Blvd., Suite 240
Portland, OR 97005
(503) 670-9278
https://www.OnlineEd.com/
mail@OnlineEd.com

Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.