OHIO REAL ESTATE STUDY GUIDE 2026 QUESTIONS AND
ANSWERS GRADED A+
✔✔For a period of three years - ✔✔It is required by Ohio Real Estate Law that a broker
must keep complete and accurate records of all transactions:
✔✔Immediately upon their signing - ✔✔A real estate agent may subject himself to
disciplinary action if he fails to give a party to a transaction a copy of any signed
documents:
✔✔A broad understanding of law and how it affects real estate - ✔✔The real estate
broker or salesperson needs to have:
✔✔The broker's license may be suspended or revoked because the advertisement does
not state that the broker is a licensed real estate broker - ✔✔A broker advertised a
listed property, stating only the address, no price, and "for details call 412-281-8030. A
sale results. What is a true statement?
✔✔True - ✔✔The Ohio Real Estate Commission is required, by law, to promulgate
Canons of Ethics for the real estate industry; administer the Education and Research
fund; and direct the Superintendent on the content, scheduling, instruction, and
offerings of real estate courses for real estate salesperson and broker educational
requirements.
✔✔They cannot form the partnership; two of the parties are not licensed as brokers -
✔✔A broker and two of his more experienced salespersons desire to form a partnership
to engage in the business of real estate. The broker is to have a 40% interest, with each
salesperson owning 30%. What is correct?
✔✔Notify the Division of Real Estate - ✔✔Since violations of the license law are
detrimental to the public and licensees generally, it is your duty to:
✔✔May, upon proper application, transfer to another broker - ✔✔A broker's license is
revoked for one year. His two salespersons:
✔✔Ohio Law - ✔✔A definite expiration time and date in a listing agreement is required
by:
✔✔Licensed broker - ✔✔Real estate agency advertising must be in the name of the:
✔✔On the licensee's first birthday - ✔✔If a license is issued on October 1, it will expire
on:
, ✔✔There will be a formal hearing of a compliant and there will be no hearing of a
complaint - ✔✔The superintendent of Real Estate decides whether:
✔✔Applied for when need is shown; not in excess of $800; and co-signed by the
sponsoring broker as a guarantor of the loan - ✔✔Educational loans may be awarded
provided they are:
✔✔Nothing because that would be unauthorized practice of law - ✔✔What can a real
estate licensee prepare for another broker for a fee?
✔✔His license will not be suspended or revoked until the Ohio Real Estate Commission
also conducts a hearing - ✔✔Upon initial hearing of a complaint, a real estate licensee
is subject to what?
✔✔to protect the public - ✔✔The Ohio real estate license laws were passed:
✔✔A hearing examiner - ✔✔A hearing resulting from a complaint shall be heard by:
✔✔As soon as her license is issued - ✔✔A salesperson may begin the practice of real
estate:
✔✔Notify the Ohio Division of Real Estate - ✔✔Under Ohio Real Estate Law, if you
have knowledge of a violation of the Real Estate License Law under Chapter 4735.18 of
the Ohio Revised Code (Causes for Suspension or Revocation of License), you must:
✔✔$12,080.65 - ✔✔Andy is selling his apartment building of ten residential units that
brings in $750 per unit per month. If the closing is on October 10th, how much will the
buyer receive from the seller if the owner charged each unit dweller a $700 security
deposit?
✔✔Security deposit and/or list of items that deducted from the security deposit -
✔✔What must be provided to a tenant within 30 days of terminating tenancy?
✔✔Water damage cause by tenant negligence - ✔✔What can be deducted from the
security deposit?
✔✔5% interest per anum on the difference between $600 and $1,000 - ✔✔Charlotte
rented an apartment from Mr.Spencer. Charlotte is obligated to give the landlord $600
for rent. She was charged a $1,000 security deposit. What must the landlord give the
tenant (besides possession)?
✔✔Cody will never get his deposit back - ✔✔Ben is leasing his building for use as a
candy factory. In the lease, Cody, the tenant, did not notice the words "non-refundable"
next to the amount of deposit of $2,000. When the lease ends 2 years later, Cody
ANSWERS GRADED A+
✔✔For a period of three years - ✔✔It is required by Ohio Real Estate Law that a broker
must keep complete and accurate records of all transactions:
✔✔Immediately upon their signing - ✔✔A real estate agent may subject himself to
disciplinary action if he fails to give a party to a transaction a copy of any signed
documents:
✔✔A broad understanding of law and how it affects real estate - ✔✔The real estate
broker or salesperson needs to have:
✔✔The broker's license may be suspended or revoked because the advertisement does
not state that the broker is a licensed real estate broker - ✔✔A broker advertised a
listed property, stating only the address, no price, and "for details call 412-281-8030. A
sale results. What is a true statement?
✔✔True - ✔✔The Ohio Real Estate Commission is required, by law, to promulgate
Canons of Ethics for the real estate industry; administer the Education and Research
fund; and direct the Superintendent on the content, scheduling, instruction, and
offerings of real estate courses for real estate salesperson and broker educational
requirements.
✔✔They cannot form the partnership; two of the parties are not licensed as brokers -
✔✔A broker and two of his more experienced salespersons desire to form a partnership
to engage in the business of real estate. The broker is to have a 40% interest, with each
salesperson owning 30%. What is correct?
✔✔Notify the Division of Real Estate - ✔✔Since violations of the license law are
detrimental to the public and licensees generally, it is your duty to:
✔✔May, upon proper application, transfer to another broker - ✔✔A broker's license is
revoked for one year. His two salespersons:
✔✔Ohio Law - ✔✔A definite expiration time and date in a listing agreement is required
by:
✔✔Licensed broker - ✔✔Real estate agency advertising must be in the name of the:
✔✔On the licensee's first birthday - ✔✔If a license is issued on October 1, it will expire
on:
, ✔✔There will be a formal hearing of a compliant and there will be no hearing of a
complaint - ✔✔The superintendent of Real Estate decides whether:
✔✔Applied for when need is shown; not in excess of $800; and co-signed by the
sponsoring broker as a guarantor of the loan - ✔✔Educational loans may be awarded
provided they are:
✔✔Nothing because that would be unauthorized practice of law - ✔✔What can a real
estate licensee prepare for another broker for a fee?
✔✔His license will not be suspended or revoked until the Ohio Real Estate Commission
also conducts a hearing - ✔✔Upon initial hearing of a complaint, a real estate licensee
is subject to what?
✔✔to protect the public - ✔✔The Ohio real estate license laws were passed:
✔✔A hearing examiner - ✔✔A hearing resulting from a complaint shall be heard by:
✔✔As soon as her license is issued - ✔✔A salesperson may begin the practice of real
estate:
✔✔Notify the Ohio Division of Real Estate - ✔✔Under Ohio Real Estate Law, if you
have knowledge of a violation of the Real Estate License Law under Chapter 4735.18 of
the Ohio Revised Code (Causes for Suspension or Revocation of License), you must:
✔✔$12,080.65 - ✔✔Andy is selling his apartment building of ten residential units that
brings in $750 per unit per month. If the closing is on October 10th, how much will the
buyer receive from the seller if the owner charged each unit dweller a $700 security
deposit?
✔✔Security deposit and/or list of items that deducted from the security deposit -
✔✔What must be provided to a tenant within 30 days of terminating tenancy?
✔✔Water damage cause by tenant negligence - ✔✔What can be deducted from the
security deposit?
✔✔5% interest per anum on the difference between $600 and $1,000 - ✔✔Charlotte
rented an apartment from Mr.Spencer. Charlotte is obligated to give the landlord $600
for rent. She was charged a $1,000 security deposit. What must the landlord give the
tenant (besides possession)?
✔✔Cody will never get his deposit back - ✔✔Ben is leasing his building for use as a
candy factory. In the lease, Cody, the tenant, did not notice the words "non-refundable"
next to the amount of deposit of $2,000. When the lease ends 2 years later, Cody
