Ohio Issues New Form Landmen Must have Landowners Sign & Return

You may recall news from last year that an Ohio Supreme Court ruling requires landmen to have a real estate license in order to get paid–IF they are compensated via a commission and/or royalties for the deals they broker (see OH Supreme Court Rules Independent Landmen Need Real Estate License). However, IF a landman is paid a “day rate,” (flat rate by the day) or if the landman is an employee of the drilling company–someone whose compensation is not directly tied to the number and value of deals–that landman does not need a real estate license. But they do need landowners to fill out a new form and sign it in six places.

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