Ohio Insurance Laws and Regulations Practice Exam

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Study for the Ohio Insurance Laws and Regulations Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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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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