Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

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An agent is legally permitted to share his/her commissions with:

  1. Another licensed agent

  2. A family member who is not licensed

  3. A business entity

  4. A friend who referred a client

The correct answer is: Another licensed agent

An agent is legally permitted to share his/her commissions with another licensed agent, as both are licensed to practice real estate. Sharing commissions with a family member who is not licensed would be in violation of licensing laws, and sharing commissions with a business entity or a friend who referred a client may also be considered unethical or illegal in some states.

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