OHIO REAL ESTATE EXAM SCRIPT
2026 COMPLETE QUESTIONS
ACCURATE ANSWERS
◉ Time-Share. Answer: Right to occupy space for a certain time
◉ Condominium. Answer: one of the dwelling units in a condominium
◉ Apartment. Answer: Owns legal rights
◉ Cooperative. Answer: Own share in company gets voted on
◉ Residential Properties. Answer: 1-4 Family
Owner Occupied
◉ Legal tests of a fixture. Answer: Intent
Method of annexation
Adaptation to real estate
Agreement
◉ Fixture. Answer: Personal Property that has been so affixed to
land/building that by law it becomes part of the real estate
,◉ Physical Characteristics of Real Estate. Answer: Immobility
Indestructibility
Uniqueness
◉ Economic Characteristics of Real Estate. Answer: Scarcity
Improvements
Permanence of investment
Area Preference
◉ Real Property. Answer: Includes bundle of legal rights
◉ Personal Property. Answer: Anything that isn't real property
◉ Real Estate. Answer: Land + attachments
◉ Involuntary Lien. Answer: A lien placed on property without the
consent of the property owner.
◉ Voluntary Lien. Answer: a lien created intentionally by the property
owners action, such as when someone takes out a mortgage loan
◉ Priority of Liens. Answer: Property taxes and special assessments,
then in order of time and date files
, ◉ Personal Forms of Ownership. Answer: Individually
Co-ownership
Trust
◉ Business Forms of Ownership. Answer: Proprietorship
Partnership
Corporation
◉ Littoral Rights. Answer: Live on lake
ownership of part of lake
◉ Riparian Rights. Answer: Live on river
Ownership of river
◉ Government Powers. Answer: Taxation
Police Power
Eminent Domain
Escheat
◉ Encroachment. Answer: Someone built on your land
◉ Easement. Answer: Deed restrictions
2026 COMPLETE QUESTIONS
ACCURATE ANSWERS
◉ Time-Share. Answer: Right to occupy space for a certain time
◉ Condominium. Answer: one of the dwelling units in a condominium
◉ Apartment. Answer: Owns legal rights
◉ Cooperative. Answer: Own share in company gets voted on
◉ Residential Properties. Answer: 1-4 Family
Owner Occupied
◉ Legal tests of a fixture. Answer: Intent
Method of annexation
Adaptation to real estate
Agreement
◉ Fixture. Answer: Personal Property that has been so affixed to
land/building that by law it becomes part of the real estate
,◉ Physical Characteristics of Real Estate. Answer: Immobility
Indestructibility
Uniqueness
◉ Economic Characteristics of Real Estate. Answer: Scarcity
Improvements
Permanence of investment
Area Preference
◉ Real Property. Answer: Includes bundle of legal rights
◉ Personal Property. Answer: Anything that isn't real property
◉ Real Estate. Answer: Land + attachments
◉ Involuntary Lien. Answer: A lien placed on property without the
consent of the property owner.
◉ Voluntary Lien. Answer: a lien created intentionally by the property
owners action, such as when someone takes out a mortgage loan
◉ Priority of Liens. Answer: Property taxes and special assessments,
then in order of time and date files
, ◉ Personal Forms of Ownership. Answer: Individually
Co-ownership
Trust
◉ Business Forms of Ownership. Answer: Proprietorship
Partnership
Corporation
◉ Littoral Rights. Answer: Live on lake
ownership of part of lake
◉ Riparian Rights. Answer: Live on river
Ownership of river
◉ Government Powers. Answer: Taxation
Police Power
Eminent Domain
Escheat
◉ Encroachment. Answer: Someone built on your land
◉ Easement. Answer: Deed restrictions
