OHIO REAL ESTATE CORE EXAM 2026 TEST QUESTIONS
AND ANSWERS GRADED A+
✔✔What can limit a courts jurisdiction?
a. amount of money at issue in a case
b. geographical boundries
c. subject matter of the case
d. all of the above - ✔✔amount of money at issue in a case
geographical boundries
subject matter of the case
all of the above
✔✔Alice sued Betty for breach contract, claiming $175,000 in damages. Which kind of
state court did Alice file in?
a. Circuit court of appeals
b. county court
c. court of common pleas
d. municipal course - ✔✔c. court of common pleas
✔✔Broker - ✔✔* Agent of the client-
Any person, partnership, association, limited liability partnership , limited liability
company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or
otherwise deals in the real estate of others, or represents publicly that he does.
✔✔Fiduciary - ✔✔Someone in a position of trust and confidence, held by law to high
standards of good faith and loyalty.
✔✔Foreign Real Estate - ✔✔Any real estate situated outside the state of Ohio
✔✔Inactive License - ✔✔License status of any salesperson who returns his license to
the division of real estate, or whose broker does not want to maintain sponsorship of
licensee. A license may remain inactive indefinitely, as long as it is timely renewed and
continuing education requirements are met.
✔✔License on Deposit - ✔✔1. A special license status that is available only to brokers
who wish to return their broker's license to the Division of Real Estate in order to
reactivate their license as a sales person. A broker's license may remain on deposit
indefinitely if timely renewed and continuing education requirements are met. 2. A
special license status available to any licensee who enters the military or whose reserve
military status is activated. The license remains inactive until the next renewal date
following honorable discharge from the military.
✔✔Reactivate - ✔✔The process to remove a license from inactive, voluntary hold,
suspension, or deposit status.
,✔✔Resigned - ✔✔The license status in which a license has been voluntarily and
permanently surrendered to, or is otherwise in the possession of the Division of Real
Estate and Professional Licensing, is not renewed, and is not associated with a real
estate broker.
✔✔Revocation - ✔✔The Real Estate Commission's permanent withdrawal of a real
estate agent's license.
✔✔Salesperson - ✔✔Sub agent: Any licensed agent associated with a broker, as such,
may perform most acts of a broker on behalf of the broker
✔✔Suspension - ✔✔The temporary withdraw of a real estate agents license for a
certain and specified period of time
✔✔Voluntary Hold - ✔✔The license status in which a license is in the possession of the
Division of Real Estate and Professional Licensing for a period of not more than 12
months, is not renewed in accordance with the requirements specified, and is not
associated with a real estate broker.
✔✔Ancillary Trustee - ✔✔responsible for completing business of a broker when a
license broker dies or loses his license.
Dies: Probate Court
Suspended: Superintendent
✔✔Real Estate Recovery Fund - ✔✔Used to satisfy unpaid judgments against real
estate licensees for activities in violation of the license law that caused financial loss to
the claimant
✔✔What is the ceiling $ for each licensee? - ✔✔$40,000
✔✔Who does NOT need a real estate licesne?
a. property manger under contract by the owner
b. a salaried employee of ABC Corporation when selling the companys own property
c. someone selling a friends raw land
d. your uncle who is selling real estate options - ✔✔b. a salaried employee of ABC
Corporation when selling the companys own property
✔✔The Ohio Real Estate Commissions
a. consists of 5 real estate brokers
b. is elected every 5 years
c. is overseen on a day to day basis by the Superintendent
d. is part of the Department of Commerce - ✔✔d. is part of the Department of
Commerce
, There are 5 members- 4 are licensed brokers, 5th is none licensed representing the
public.
✔✔Who appoints the members of the Commission and the Ohio Division of Real
Estate? - ✔✔Commission are appointment by the Governor
Division is appointment by the Director of Commerce
✔✔How long is the term for commission members? - ✔✔5 years STAGGERED
✔✔Where do you go to Appeal and who can take your License ? - ✔✔Ohio Real Estate
Commission
✔✔How many members of the Commission may be members of the same party? -
✔✔No more than 3
✔✔What authority revokes licenses?
a. Department of Real Estate
b. governments task force to promote safe real estate
c. the Real Estate Commissions
d. the Superintendent - ✔✔c. the Real Estate Commissions
✔✔A real estate licensee may
a. draft deeds for sellers
b. keep the earnest money if the deals falls through
c. offer real estate to the market only on the terms allowed by the seller
d. use an open-ended expiration date on an open listing agreement - ✔✔c. offer real
estate to the market only on the terms allowed by the seller
✔✔a sales associate
a. collects commissions directly from the seller
b. can personally buy a listing only after disclosure to the seller that the sales associate
is a principal
c. can sue a buyer for backing out of a deal
d. may take listings in his own name - ✔✔b. can personally buy a listing only after
disclosure to the seller that the sales associate is a principal
✔✔All brokers
a. are bonded
b. are Realtors
c. must display the license of their salesperson
d. must have a place of business to operate as brokers - ✔✔d. must have a place of
business to operate as brokers
✔✔A real estate licensee can begin the practice of real estate when
AND ANSWERS GRADED A+
✔✔What can limit a courts jurisdiction?
a. amount of money at issue in a case
b. geographical boundries
c. subject matter of the case
d. all of the above - ✔✔amount of money at issue in a case
geographical boundries
subject matter of the case
all of the above
✔✔Alice sued Betty for breach contract, claiming $175,000 in damages. Which kind of
state court did Alice file in?
a. Circuit court of appeals
b. county court
c. court of common pleas
d. municipal course - ✔✔c. court of common pleas
✔✔Broker - ✔✔* Agent of the client-
Any person, partnership, association, limited liability partnership , limited liability
company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or
otherwise deals in the real estate of others, or represents publicly that he does.
✔✔Fiduciary - ✔✔Someone in a position of trust and confidence, held by law to high
standards of good faith and loyalty.
✔✔Foreign Real Estate - ✔✔Any real estate situated outside the state of Ohio
✔✔Inactive License - ✔✔License status of any salesperson who returns his license to
the division of real estate, or whose broker does not want to maintain sponsorship of
licensee. A license may remain inactive indefinitely, as long as it is timely renewed and
continuing education requirements are met.
✔✔License on Deposit - ✔✔1. A special license status that is available only to brokers
who wish to return their broker's license to the Division of Real Estate in order to
reactivate their license as a sales person. A broker's license may remain on deposit
indefinitely if timely renewed and continuing education requirements are met. 2. A
special license status available to any licensee who enters the military or whose reserve
military status is activated. The license remains inactive until the next renewal date
following honorable discharge from the military.
✔✔Reactivate - ✔✔The process to remove a license from inactive, voluntary hold,
suspension, or deposit status.
,✔✔Resigned - ✔✔The license status in which a license has been voluntarily and
permanently surrendered to, or is otherwise in the possession of the Division of Real
Estate and Professional Licensing, is not renewed, and is not associated with a real
estate broker.
✔✔Revocation - ✔✔The Real Estate Commission's permanent withdrawal of a real
estate agent's license.
✔✔Salesperson - ✔✔Sub agent: Any licensed agent associated with a broker, as such,
may perform most acts of a broker on behalf of the broker
✔✔Suspension - ✔✔The temporary withdraw of a real estate agents license for a
certain and specified period of time
✔✔Voluntary Hold - ✔✔The license status in which a license is in the possession of the
Division of Real Estate and Professional Licensing for a period of not more than 12
months, is not renewed in accordance with the requirements specified, and is not
associated with a real estate broker.
✔✔Ancillary Trustee - ✔✔responsible for completing business of a broker when a
license broker dies or loses his license.
Dies: Probate Court
Suspended: Superintendent
✔✔Real Estate Recovery Fund - ✔✔Used to satisfy unpaid judgments against real
estate licensees for activities in violation of the license law that caused financial loss to
the claimant
✔✔What is the ceiling $ for each licensee? - ✔✔$40,000
✔✔Who does NOT need a real estate licesne?
a. property manger under contract by the owner
b. a salaried employee of ABC Corporation when selling the companys own property
c. someone selling a friends raw land
d. your uncle who is selling real estate options - ✔✔b. a salaried employee of ABC
Corporation when selling the companys own property
✔✔The Ohio Real Estate Commissions
a. consists of 5 real estate brokers
b. is elected every 5 years
c. is overseen on a day to day basis by the Superintendent
d. is part of the Department of Commerce - ✔✔d. is part of the Department of
Commerce
, There are 5 members- 4 are licensed brokers, 5th is none licensed representing the
public.
✔✔Who appoints the members of the Commission and the Ohio Division of Real
Estate? - ✔✔Commission are appointment by the Governor
Division is appointment by the Director of Commerce
✔✔How long is the term for commission members? - ✔✔5 years STAGGERED
✔✔Where do you go to Appeal and who can take your License ? - ✔✔Ohio Real Estate
Commission
✔✔How many members of the Commission may be members of the same party? -
✔✔No more than 3
✔✔What authority revokes licenses?
a. Department of Real Estate
b. governments task force to promote safe real estate
c. the Real Estate Commissions
d. the Superintendent - ✔✔c. the Real Estate Commissions
✔✔A real estate licensee may
a. draft deeds for sellers
b. keep the earnest money if the deals falls through
c. offer real estate to the market only on the terms allowed by the seller
d. use an open-ended expiration date on an open listing agreement - ✔✔c. offer real
estate to the market only on the terms allowed by the seller
✔✔a sales associate
a. collects commissions directly from the seller
b. can personally buy a listing only after disclosure to the seller that the sales associate
is a principal
c. can sue a buyer for backing out of a deal
d. may take listings in his own name - ✔✔b. can personally buy a listing only after
disclosure to the seller that the sales associate is a principal
✔✔All brokers
a. are bonded
b. are Realtors
c. must display the license of their salesperson
d. must have a place of business to operate as brokers - ✔✔d. must have a place of
business to operate as brokers
✔✔A real estate licensee can begin the practice of real estate when
