Real estate law actual exam questions and correct
verified answers 2024 rated a+
P sues D for the breach of a real estate contract, claiming $121,500 in damages. In
which court is the case mostly likely to be tried? - Answer- Court of Common
Pleas
Under Ohio Real Estate law, the Real Estate Commission shall suspend or revoke
the license of any salesperson or broker who is found guilty of any of the
following EXCEPT - Answer- Purchasing a list of names of transferring employees
from a nearby major company for $100.
When a broker returns his own broker's license to the Superintendent of the
Division of Real Estate so as to reactivate his salesperson license, the license is
said to be - Answer- On deposit
In Ohio, for property to escheat to the state, which must be TRUE? - Answer-
there must be no will and no living heirs.
Which is a broker's favorite type of listing agreement? - Answer- exclusive right to
sell agreement
The rule preventing a court from hearing a case if too much time has passed since
the facts giving rise to the case have occurred is called the - Answer- Statute of
limitations.
X's property has the following liens against it (all in the same year) - Answer- 2, 1,
4, 3
, Real estate law actual exam questions and correct
verified answers 2024 rated a+
According to Ohio License Law, who does NOT need to be licensed to sell real
estate? - Answer- a salaried employee of ABC Corporation when ABC is selling its
own property.
According to Ohio License Law, who does NOT need to be licensed to sell real
estate? - Answer- a salaried employee of ABC Corporation when ABC is selling its
own property.
X had a deed with a restrictive covenant - he could paint his house only green. He
transferred the property by deed to his son, but the covenant was not recorded in
the new deed. Under Ohio's Marketable Title Act, when would the covenant no
longer apply to the property? - Answer- 40 years from the roof of title for the new
deed.
With whom can a licensed real estate broker, working for the seller, legally share
her commission? - Answer- the buyer's broker
Channeling prospective buyers to a particular neighborhood based on their race is
called - Answer- steering
Which is legal under Ohio Civil Rights Law? - Answer- the landlord/occupant of a
four-plex housing unit refuses to rent to an Asian couple.
verified answers 2024 rated a+
P sues D for the breach of a real estate contract, claiming $121,500 in damages. In
which court is the case mostly likely to be tried? - Answer- Court of Common
Pleas
Under Ohio Real Estate law, the Real Estate Commission shall suspend or revoke
the license of any salesperson or broker who is found guilty of any of the
following EXCEPT - Answer- Purchasing a list of names of transferring employees
from a nearby major company for $100.
When a broker returns his own broker's license to the Superintendent of the
Division of Real Estate so as to reactivate his salesperson license, the license is
said to be - Answer- On deposit
In Ohio, for property to escheat to the state, which must be TRUE? - Answer-
there must be no will and no living heirs.
Which is a broker's favorite type of listing agreement? - Answer- exclusive right to
sell agreement
The rule preventing a court from hearing a case if too much time has passed since
the facts giving rise to the case have occurred is called the - Answer- Statute of
limitations.
X's property has the following liens against it (all in the same year) - Answer- 2, 1,
4, 3
, Real estate law actual exam questions and correct
verified answers 2024 rated a+
According to Ohio License Law, who does NOT need to be licensed to sell real
estate? - Answer- a salaried employee of ABC Corporation when ABC is selling its
own property.
According to Ohio License Law, who does NOT need to be licensed to sell real
estate? - Answer- a salaried employee of ABC Corporation when ABC is selling its
own property.
X had a deed with a restrictive covenant - he could paint his house only green. He
transferred the property by deed to his son, but the covenant was not recorded in
the new deed. Under Ohio's Marketable Title Act, when would the covenant no
longer apply to the property? - Answer- 40 years from the roof of title for the new
deed.
With whom can a licensed real estate broker, working for the seller, legally share
her commission? - Answer- the buyer's broker
Channeling prospective buyers to a particular neighborhood based on their race is
called - Answer- steering
Which is legal under Ohio Civil Rights Law? - Answer- the landlord/occupant of a
four-plex housing unit refuses to rent to an Asian couple.
