age 1 of 36
OHIO REAL ESTATE FINAL EXAM PREP 2025/2026
ACCURATE QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS <RECENT
VERSION>
What type of land use does NOT comply with the zoning
restriction for its location, but is permitted because it benefits the
public? .......Answer.........Conditional Use
Conditional uses (hospitals, schools, etc.) usually do not comply
with zoning limitations.
loan amount .......Answer.........The amount the lender is risking is
the loan amount, which is: Purchase Price - Down Payment =
Loan Amount.
,age 2 of 36
What is NOT a feature of an FHA-insured loan?
.......Answer.........no MIP insurance
FHA loans use a mutual mortgage insurance plan.
In title theory states, what clause is unique to the mortgage?
.......Answer.........Defeasance clause is found in the mortgage
A fancy word for "ownership" which will be transferred
As an agent is showing a house to a customer, the agent notices
a large vertical crack in the basement wall. What is the agent's
duty? .......Answer.........The crack on the wall is obvious and falls
into the category of patent defects. The agent has no duty to
disclose patent defects. The buyer operates under the doctrine
of caveat emptor.
,age 3 of 36
A lead-based paint disclosure form is required for all residential
dwellings built before January 1, 1978. When applicable, who
must sign the form? .......Answer.........buyer, seller, and both
agents
The listing agent is informed by the seller that the basement gets
wet when it rains. The agent says nothing to the buyer. Who is
liable for the failure to disclose the latent defect?
.......Answer.........The client is always liable for the acts of her
agent. The agent may be liable to the seller for breaching a
fiduciary duty.
An implied contract is a(n) .......Answer.........agreement not put
into words, either written or verbal
, age 4 of 36
An example of an implied contract is a visit to a restaurant. All
parties agree that payment of the bill is expected even if the
matter is not discussed before the meal is consumed.
The non-breaching party to a contract has a duty by law to
.......Answer.........The non-breaching party has a duty to do
whatever is necessary to reduce the losses resulting from the
breach.
What type of deed would a buyer of real property prefer?
.......Answer.........A general warranty deed provides the most
protection for the buyer. It has the strongest and broadest forms
of guarantee of any type of deed.
A quitclaim has no guarantees
OHIO REAL ESTATE FINAL EXAM PREP 2025/2026
ACCURATE QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS <RECENT
VERSION>
What type of land use does NOT comply with the zoning
restriction for its location, but is permitted because it benefits the
public? .......Answer.........Conditional Use
Conditional uses (hospitals, schools, etc.) usually do not comply
with zoning limitations.
loan amount .......Answer.........The amount the lender is risking is
the loan amount, which is: Purchase Price - Down Payment =
Loan Amount.
,age 2 of 36
What is NOT a feature of an FHA-insured loan?
.......Answer.........no MIP insurance
FHA loans use a mutual mortgage insurance plan.
In title theory states, what clause is unique to the mortgage?
.......Answer.........Defeasance clause is found in the mortgage
A fancy word for "ownership" which will be transferred
As an agent is showing a house to a customer, the agent notices
a large vertical crack in the basement wall. What is the agent's
duty? .......Answer.........The crack on the wall is obvious and falls
into the category of patent defects. The agent has no duty to
disclose patent defects. The buyer operates under the doctrine
of caveat emptor.
,age 3 of 36
A lead-based paint disclosure form is required for all residential
dwellings built before January 1, 1978. When applicable, who
must sign the form? .......Answer.........buyer, seller, and both
agents
The listing agent is informed by the seller that the basement gets
wet when it rains. The agent says nothing to the buyer. Who is
liable for the failure to disclose the latent defect?
.......Answer.........The client is always liable for the acts of her
agent. The agent may be liable to the seller for breaching a
fiduciary duty.
An implied contract is a(n) .......Answer.........agreement not put
into words, either written or verbal
, age 4 of 36
An example of an implied contract is a visit to a restaurant. All
parties agree that payment of the bill is expected even if the
matter is not discussed before the meal is consumed.
The non-breaching party to a contract has a duty by law to
.......Answer.........The non-breaching party has a duty to do
whatever is necessary to reduce the losses resulting from the
breach.
What type of deed would a buyer of real property prefer?
.......Answer.........A general warranty deed provides the most
protection for the buyer. It has the strongest and broadest forms
of guarantee of any type of deed.
A quitclaim has no guarantees
