REPL reminds consumers, property owners to brush up on the law ahead of travel season
As travel season heats up with the warmer temperatures, the Ohio Department of Commerce Division of Real Estate and Professional Licensing (REPL) urges property owners who plan on renting out their property to make sure they follow license law.
The Division is making resources available that highlight Ohio’s property management law and best practices to help property owners more fully understand whether a real estate license is needed for an individual or company to list or advertise a home for rent. License law does not apply to individuals who rent out the properties they own, but those who manage either a short- or long-term rental on behalf of a property owner are encouraged to closely review these available resources.
The Rental Resources Guide is available on the Division’s website at https://com.ohio.gov/divisions-and-programs/real-estate-and-professiona….
“Our Division sometimes receives questions from licensees and others as to whether a license is needed for short-term rentals,” REPL Superintendent Daphne Hawk said. “The answer depends on the facts of each case. The most important aspect we examine in any case brought before us is the relationship of all parties involved and the activities taken on behalf of the property owner. Due to the various factors that are taken into consideration, we strongly encourage property owners to do their research to ensure they don’t violate any laws.”
The Ohio Real Estate Commission has taken action against unlicensed individuals engaged in property management. These violations can result in penalties of up to $1,000 per day, with each day constituting a separate violation.
“The Division reminds licensed real estate agents with a salesperson-level license to ensure they operate any property management operations through their brokerage or obtain a broker-level license. Failure to perform these activities through the affiliated brokerage has been a common infraction over the past few years,” Hawk said.
The Division also has created a Landlord Property Management Guide to help property owners vet the individuals they’re considering to manage their rental properties.
“This guide has been designed to help property owners understand what questions they should ask to potential property managers, what are some common red flags to watch out for, and what resources the Division offers to confirm they are working with a licensed professional,” Hawk said.
The Landlord Property Management Guide is available at https://com.ohio.gov/divisions-and-programs/real-estate-and-professiona….
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