Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Dundics v. Eric Petroleum Corp., Slip Opinion No. 2018-Ohio-3826
we address whether oil-and-gas land professionals,
who help obtain oil-and-gas leases for oil-and-gas-development companies, must
be licensed real-estate brokers when they engage in the activities described in R.C.
4735.01(A) with respect to oil-and-gas leases. More specifically, we address
whether R.C. 4735.21 precludes a person who is not a licensed real-estate broker
from bringing a cause of action to recover compensation allegedly owed for
negotiating oil-and-gas leases. Because the plain language of R.C. 4735.01 does
not exclude oil-and-gas land professionals or oil-and-gas leases from the relevant
definitions set forth in the statute, we hold that appellants, Thomas Dundics and his
company, IBIS Land Group, Ltd., engaged in activities that required a real-estatebroker’s
license and are precluded from bringing a cause of action to recover
compensation for those activities.
who help obtain oil-and-gas leases for oil-and-gas-development companies, must
be licensed real-estate brokers when they engage in the activities described in R.C.
4735.01(A) with respect to oil-and-gas leases. More specifically, we address
whether R.C. 4735.21 precludes a person who is not a licensed real-estate broker
from bringing a cause of action to recover compensation allegedly owed for
negotiating oil-and-gas leases. Because the plain language of R.C. 4735.01 does
not exclude oil-and-gas land professionals or oil-and-gas leases from the relevant
definitions set forth in the statute, we hold that appellants, Thomas Dundics and his
company, IBIS Land Group, Ltd., engaged in activities that required a real-estatebroker’s
license and are precluded from bringing a cause of action to recover
compensation for those activities.