OH PRE COURSE FINAL EXAM 2025 ACTUAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Which of the following is an example of a metes and bounds description? #$%^&
a. 123 Roanoke Street Any Town, ST 98765
b. "Beginning at the iron pin 30 paces from the center of the brook that runs across the road
Southwesterly from the dwelling..."
c. Lot 6 of Block 3 of the Meridian subdivision ...
d. S 1/2 SE 1/4 NW 1/4 Section 2 ... - (ANSWERS)b. "Beginning at the iron pin 30 paces from the
center of the brook that runs across the road Southwesterly from the dwelling..."
Buyer Yun-Wah is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender
also charges a one-point loan origination fee. How much will his loan origination fee be?
a. $2,400
b. $3,200
c. $3,600
d. $800 - (ANSWERS)b. $3,200
Why would a retail tenant be willing to sign a lease in which a percentage of sales proceeds are
paid to the landlord?
a. The landlord and tenant are in business together.
b. The tenant is hoping the landlord will sell the building to the tenant.
c. The tenant wants to reduce the base rent.
d. The tenant wants to show the landlord how viable the business is. - (ANSWERS)c. The tenant
wants to reduce the base rent.
Which agency duties survive termination of an agreement?
a. Accounting and loyalty
b. Confidentiality and accounting
, OH PRE COURSE FINAL EXAM 2025 ACTUAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
c. Confidentiality, loyalty, and accounting #$%^&
d. Reasonable skill and care, confidentiality, and loyalty - (ANSWERS)b. Confidentiality and
accounting
Which of the following is true about condominium ownership?
a. A condo is a multi-family dwelling.
b. A condo is a single-family dwelling.
c. It involves proprietary leases.
d. There is a large yard to maintain. - (ANSWERS)b. A condo is a single-family dwelling.
Carla creates a trust to convey her assets to her children. Her brother, Alvin, is placed in charge
of making sure the terms of the trust are carried out. In this example, Carla is the __________.
a. Beneficiary
b. Broker
c. Trustee
d. Trustor - (ANSWERS)d. Trustor
The Consumer Financial Protection Bureau __________.
a. Is a lobbyist group for financial institutions
b. Serves mainly real estate professionals
c. Supervises financial institutions and enforces consumer financial laws
d. Was shut down by the Dodd-Frank Act - (ANSWERS)c. Supervises financial institutions and
enforces consumer financial laws
What's the term for an addition to a sales agreement form that can be added before it is signed
without changing any of the other terms that have already been agreed upon?
a. Addendum
, OH PRE COURSE FINAL EXAM 2025 ACTUAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
#$%^&
b. Amendment
c. Annexation
d. Appurtenance - (ANSWERS)a. Addendum
What practice did the Fair Housing Act of 1968 attempt to eliminate?
a. Discrimination based on marital status
b. Discrimination based on sexual orientation
c. Discrimination based on source of inome
d. Discrimination through blockbusting, steering, and redlining - (ANSWERS)d. Discrimination
through blockbusting, steering, and redlining
Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local
organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the
loan because he was able to arrange for a guarantee form __________.
a. Farmer Mac
b. The Farm Credit System
c. The Farm Service Agency
d. The Federal Agricultural Housing Authority - (ANSWERS)c. The Farm Service Agency
*The Farm Service Agency, which operates through the USDA, provides loan guarantees to
lenders for up to 95% of the loss of principal and interest.
A defect on a title that can be monetary or physical is called an ______.
a. Agreement
b. Appurtenance
c. Encumbrance
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Which of the following is an example of a metes and bounds description? #$%^&
a. 123 Roanoke Street Any Town, ST 98765
b. "Beginning at the iron pin 30 paces from the center of the brook that runs across the road
Southwesterly from the dwelling..."
c. Lot 6 of Block 3 of the Meridian subdivision ...
d. S 1/2 SE 1/4 NW 1/4 Section 2 ... - (ANSWERS)b. "Beginning at the iron pin 30 paces from the
center of the brook that runs across the road Southwesterly from the dwelling..."
Buyer Yun-Wah is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender
also charges a one-point loan origination fee. How much will his loan origination fee be?
a. $2,400
b. $3,200
c. $3,600
d. $800 - (ANSWERS)b. $3,200
Why would a retail tenant be willing to sign a lease in which a percentage of sales proceeds are
paid to the landlord?
a. The landlord and tenant are in business together.
b. The tenant is hoping the landlord will sell the building to the tenant.
c. The tenant wants to reduce the base rent.
d. The tenant wants to show the landlord how viable the business is. - (ANSWERS)c. The tenant
wants to reduce the base rent.
Which agency duties survive termination of an agreement?
a. Accounting and loyalty
b. Confidentiality and accounting
, OH PRE COURSE FINAL EXAM 2025 ACTUAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
c. Confidentiality, loyalty, and accounting #$%^&
d. Reasonable skill and care, confidentiality, and loyalty - (ANSWERS)b. Confidentiality and
accounting
Which of the following is true about condominium ownership?
a. A condo is a multi-family dwelling.
b. A condo is a single-family dwelling.
c. It involves proprietary leases.
d. There is a large yard to maintain. - (ANSWERS)b. A condo is a single-family dwelling.
Carla creates a trust to convey her assets to her children. Her brother, Alvin, is placed in charge
of making sure the terms of the trust are carried out. In this example, Carla is the __________.
a. Beneficiary
b. Broker
c. Trustee
d. Trustor - (ANSWERS)d. Trustor
The Consumer Financial Protection Bureau __________.
a. Is a lobbyist group for financial institutions
b. Serves mainly real estate professionals
c. Supervises financial institutions and enforces consumer financial laws
d. Was shut down by the Dodd-Frank Act - (ANSWERS)c. Supervises financial institutions and
enforces consumer financial laws
What's the term for an addition to a sales agreement form that can be added before it is signed
without changing any of the other terms that have already been agreed upon?
a. Addendum
, OH PRE COURSE FINAL EXAM 2025 ACTUAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
#$%^&
b. Amendment
c. Annexation
d. Appurtenance - (ANSWERS)a. Addendum
What practice did the Fair Housing Act of 1968 attempt to eliminate?
a. Discrimination based on marital status
b. Discrimination based on sexual orientation
c. Discrimination based on source of inome
d. Discrimination through blockbusting, steering, and redlining - (ANSWERS)d. Discrimination
through blockbusting, steering, and redlining
Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local
organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the
loan because he was able to arrange for a guarantee form __________.
a. Farmer Mac
b. The Farm Credit System
c. The Farm Service Agency
d. The Federal Agricultural Housing Authority - (ANSWERS)c. The Farm Service Agency
*The Farm Service Agency, which operates through the USDA, provides loan guarantees to
lenders for up to 95% of the loss of principal and interest.
A defect on a title that can be monetary or physical is called an ______.
a. Agreement
b. Appurtenance
c. Encumbrance
