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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