OHIO REAL ESTATE LATEST 2026 EXAM QUESTIONS AND
ANSWERS GRADED A+
✔✔Offer and Acceptance - ✔✔Two essential components of a valid contract; a
"meeting of the minds."
✔✔credit
Debit - ✔✔When you prepay something it is a [ ] to the seller
If it is acrude (owed but hasn't been paid yet) [ ] to the seller
✔✔A disclosure of APR (Annual Percentage Rate) - the interest charged for borrowing
that represents the actual yearly cost of the loan expressed as a percentage. -
✔✔Regulation Z requires the lender to give the purchaser what?
✔✔Adjustable-rate loan not good for who? - ✔✔Someone about to retire
✔✔Defeasance (think defeated)
Alienation
Deed in lieu
Acceleration - ✔✔Clause in a mortgage that says once the promissory note is paid,
mortgage is void
Clause in mortgage that says if you sell the property the total amount of the loan is now
due
Agreement between you and the bank that if you give the bank your real estate, they
will not foreclose
First step in foreclosure, call clause for breach of any mortgage provision
✔✔race, color, religion, sex, national origin, age, marital status, public assistance -
✔✔Equal Credit Opportunity act protects what?
✔✔usury laws - ✔✔Fix Maximum interest rates
✔✔Encumberances - ✔✔A right or interest in property held by one other than the legal
owner. Includes easements, restrictions and encroachments.
✔✔Superfund Sites - ✔✔Contaminated properties where hazardous waste is located
are called what by the EPA?
, ✔✔40,000 - ✔✔Limit of the recovery fund is [ ] per licensee
✔✔3 days - ✔✔how long does a landlord give a tenant to vacate if they are late on
monthly payments
✔✔Nobodyyyyy - ✔✔The buyer in a real estate transaction is represented by:
✔✔Separable and divisible - ✔✔Mineral rights associated with real property are
✔✔no. - ✔✔Should you use any comparables that are older than nine months
✔✔Price + capital improvements - land value - ✔✔Depreciation on a property is based
on
✔✔Pamphlet on lead-based paint - ✔✔What do you need to give the buyers if the home
was built before 1950?
✔✔Value and net income - ✔✔What does an appraiser need to calculate capitalization
rate?
✔✔Term - ✔✔Discount points are on the amount paid for the loan, not on the purchase
price
✔✔Bill of sale - ✔✔Name of the document used to transfer title of furniture
✔✔Special Agent - ✔✔What type of an agent are you when you are asked to list a
property and find a buyer for it
✔✔Residental first mortgages - ✔✔RESPA applies to what?
✔✔Sherman Antitrust Act - ✔✔Price Fixing is prohibited by what?
✔✔An attorney in fact - ✔✔A listing agreement must be singed by who to be valid?
✔✔RESPA - ✔✔What gives lenders a booklet about shopping for a home loan to all
prospective borrowers within 3 business days of loan application
✔✔Statute of Frauds - ✔✔The be enforceable, a contract for the sale of real estate
must be in writing and signed by the parties. This is true because of which law?
✔✔deed of trust - ✔✔A mortgage that uses both real and personal property to secure
the borrowers debt is a
ANSWERS GRADED A+
✔✔Offer and Acceptance - ✔✔Two essential components of a valid contract; a
"meeting of the minds."
✔✔credit
Debit - ✔✔When you prepay something it is a [ ] to the seller
If it is acrude (owed but hasn't been paid yet) [ ] to the seller
✔✔A disclosure of APR (Annual Percentage Rate) - the interest charged for borrowing
that represents the actual yearly cost of the loan expressed as a percentage. -
✔✔Regulation Z requires the lender to give the purchaser what?
✔✔Adjustable-rate loan not good for who? - ✔✔Someone about to retire
✔✔Defeasance (think defeated)
Alienation
Deed in lieu
Acceleration - ✔✔Clause in a mortgage that says once the promissory note is paid,
mortgage is void
Clause in mortgage that says if you sell the property the total amount of the loan is now
due
Agreement between you and the bank that if you give the bank your real estate, they
will not foreclose
First step in foreclosure, call clause for breach of any mortgage provision
✔✔race, color, religion, sex, national origin, age, marital status, public assistance -
✔✔Equal Credit Opportunity act protects what?
✔✔usury laws - ✔✔Fix Maximum interest rates
✔✔Encumberances - ✔✔A right or interest in property held by one other than the legal
owner. Includes easements, restrictions and encroachments.
✔✔Superfund Sites - ✔✔Contaminated properties where hazardous waste is located
are called what by the EPA?
, ✔✔40,000 - ✔✔Limit of the recovery fund is [ ] per licensee
✔✔3 days - ✔✔how long does a landlord give a tenant to vacate if they are late on
monthly payments
✔✔Nobodyyyyy - ✔✔The buyer in a real estate transaction is represented by:
✔✔Separable and divisible - ✔✔Mineral rights associated with real property are
✔✔no. - ✔✔Should you use any comparables that are older than nine months
✔✔Price + capital improvements - land value - ✔✔Depreciation on a property is based
on
✔✔Pamphlet on lead-based paint - ✔✔What do you need to give the buyers if the home
was built before 1950?
✔✔Value and net income - ✔✔What does an appraiser need to calculate capitalization
rate?
✔✔Term - ✔✔Discount points are on the amount paid for the loan, not on the purchase
price
✔✔Bill of sale - ✔✔Name of the document used to transfer title of furniture
✔✔Special Agent - ✔✔What type of an agent are you when you are asked to list a
property and find a buyer for it
✔✔Residental first mortgages - ✔✔RESPA applies to what?
✔✔Sherman Antitrust Act - ✔✔Price Fixing is prohibited by what?
✔✔An attorney in fact - ✔✔A listing agreement must be singed by who to be valid?
✔✔RESPA - ✔✔What gives lenders a booklet about shopping for a home loan to all
prospective borrowers within 3 business days of loan application
✔✔Statute of Frauds - ✔✔The be enforceable, a contract for the sale of real estate
must be in writing and signed by the parties. This is true because of which law?
✔✔deed of trust - ✔✔A mortgage that uses both real and personal property to secure
the borrowers debt is a
