Posted by Nate on January 11, 2001 at 11:07:48:
I seriously doubt it, too. According to www.legislature.state.oh.us, the 124th Ohio legislature has been in session only since January 2 and has not passed any bills yet. It is highly unlikely new legislation could even be considered, let alone passed, in the first 9 days of the session unless it was an emergency situation.
I think this post was bogus or misinformed, like Jim said.
Nate
Is buying then selling on a lease option illegal? - Posted by ChrisW
Posted by ChrisW on January 11, 2001 at 07:47:38:
I heard last night that they just past a law in Ohio that makes it illegal to buy and then sell on lease option if you are not a liscenced realtor. Is this true?
such a law has been proposed. - Posted by Jim Locker
Posted by Jim Locker on January 11, 2001 at 15:37:30:
Such a law has been proposed. I do not know the current status; seems to me that it is unlikely to pass and would be unconstitutional if it did pass.
This topic came up a few months ago in a property management assoc meeting. I didn’t pay a lot of attention to it since I didn’t take it seriously.
BTW…I am in Ohio.
Is this true? - I seriously doubt it!! - Posted by Jim Kennedy - Houston, TX
Posted by Jim Kennedy - Houston, TX on January 11, 2001 at 08:43:35:
Was the source of your information credible? Here’s what I do whenever someone tells me that there’s a new law that would have an impact on the way I conduct business. I ask that individual for the exact statute to which he or she is referring. In most cases, they’re unable to provide an appropriate code. I then ask the source of their information. In most instances it’s simply unfounded rumor or someone’s misinterpretation of an existing statute.
Best of Success!!
Jim Kennedy,
Houston, TX