SOLVED QUESTIONS FULL
SOLUTION SET
◉ Three items joint tenants hold. Answer: 1. Specify
2.Equal
3. Survivorship
◉ How much is in an acre?. Answer: 43.560
◉ How much does a point equal?. Answer: One percent
◉ How much is in the recovery fund?. Answer: 500,000-2 million
◉ How do you show ownership of a condominium?. Answer: Deed
◉ How do you show ownership of a co-op?. Answer: Lease/stock
◉ What are key words to look for? (5 main points). Answer: 1. 3 days
2. Anything with realtors
3. Void
4. Must, always, greatest, never, and has
5. Please
,◉ Ohio real estate educational requirements state that all new licensees
must take?
a. 40 hours of real estate principles and practices; 40 hours of real estate
law; 20 hours of real estate appraisal; and 20 hours of real estate finance
at an institution of higher education.
b. a 20-hour post-licensing course within one year of passing the state
exam.
C. 30 hours of continuing education courses, unless you get a special
"senior waiver" that permits you to take only 9 hours.
d. All of the above. Answer: D. All of the above
◉ If a real estate licensee fails to take all the required courses for
continuing education, his license is
a. automatically suspended
b. automatically revoked
c. held on deposit until fulfillment of the courses
d. held in escrow until notified by his local board. Answer: A.
Automatically suspended
◉ Under Ohio Complaint Procedures, when a complaint is filed by the
Ohio Civil Rigbts Commission, upon request, a complaint hearing may
be heard by which of following? a. Hearing Examiner
b. Superintendent of Real Estate
c. Ohio Real Estate Commission
, d. Ohio Civil Rights Commission. Answer: C. Ohio Real Estate
Commission
◉ Which is the correct appeal process regarding complaint hearings
under Ohio law?
a. Superintendent, Ohio Civil Rights Commission, Common Pleas Court
b.Hearing Examiner, Ohio Real Estate Commission, Common Pleas
Court
c.Hearing Examiner, Superintendent of Real Estate, Ohio Real Estate
Commission, Common Pleas Court
d. Hearing Examiner, Superintendent of Real Estate, Ohio Real Estate
Commission. Answer: C. Hearing Examiner, Superintendent of Real
Estate, Ohio Real Estate Commission, Common Pleas Court
◉ Which of the following continuing education courses must be taken
by Obio real estate salespersons and brokers who are younger than 70
years of age?
a. 30 hours of continuing education, of which 3 hours must include civil
rights
b. 30 hours of continuing education, of which 3 hours must include civil
rights, 3 hours must include a core law course, and 3 hours of Canons of
Ethics, as long as they are approved by the Ohio Division of Real Estate
long as they are approved by the Ohio Real Estate