License Exam Study Guide & Practice Questions | Ohio PSI Real Estate Salesperson
State & National Exam Prep, Ohio Real Estate Law, Licensing Requirements, Agency
& Brokerage Relationships, Contracts, Property Ownership, Land Use & Zoning,
Valuation & Market Analysis, Financing & Mortgages, Real Estate Math &
Calculations, Fair Housing, Disclosures, Property Management, Ohio Regulations,
Exam-Style Questions, Answers & Detailed Rationales
Question 1: Under Ohio license law, which of the following
individuals is NOT required to complete the 40-hour Ohio Real
Estate Law course as part of the salesperson pre-licensure
education requirements?
A. An applicant born in 1980 who holds a bachelor's degree
B. An applicant admitted to practice law before the Supreme Court of Ohio
C. An applicant who has worked as a paralegal for five years
D. An applicant who has previously held a real estate license in another
state
CORRECT ANSWER: B. An applicant admitted to practice law
before the Supreme Court of Ohio
Rationale: Ohio law exempts applicants who have been admitted to practice
law before the Supreme Court of Ohio from the 40-hour Ohio Real Estate
Law course requirement, as their legal education and bar admission
demonstrate sufficient knowledge of real estate law relevant to the
salesperson licensing requirements.
Question 2: What is the minimum age requirement for an applicant
seeking a real estate salesperson license in Ohio?
A. 16 years old
B. 17 years old
C. 18 years old
D. 21 years old
CORRECT ANSWER: C. 18 years old
Rationale: Ohio Revised Code Section 4735.09 explicitly states that no
applicant shall take the salesperson's examination who has not established
that they are at least eighteen years of age.
Question 3: A real estate salesperson in Ohio must complete how
many hours of post-licensure education within twelve months of
the date their license is issued?
,A. 10 hours
B. 20 hours
C. 30 hours
D. 40 hours
CORRECT ANSWER: B. 20 hours
Rationale: Under Ohio Revised Code Section 4735.09, licensees must
submit proof of completion of twenty hours of classroom instruction within
twelve months of the date the salesperson license is issued, covering topics
such as current practices, contract law, and fiduciary responsibility.
Question 4: Which of the following is NOT a requirement for a real
estate broker's license in Ohio regarding experience?
A. Must have been licensed as a broker or salesperson for at least two years
B. Must have worked an average of 30 hours per week for two of the last
five years
C. Must have completed at least 50 real estate transactions
D. Must have completed 20 real estate transactions or equivalent
experience
CORRECT ANSWER: C. Must have completed at least 50 real estate
transactions
Rationale: Ohio requires broker applicants to have completed 20 real estate
transactions or equivalent experience as defined by the Ohio Real Estate
Commission, not 50 transactions.
Question 5: What is the passing score requirement for the Ohio
state portion of the real estate salesperson examination?
A. 60%
B. 65%
C. 70%
D. 75%
CORRECT ANSWER: C. 70%
Rationale: The salesperson license applicant must achieve a scaled score of
at least seventy percent on each portion of the examination, including both
the national and Ohio state sections.
,Question 6: In Ohio, a real estate broker must notify the
superintendent of any change of business location within what time
period?
A. 10 days
B. 15 days
C. 30 days
D. 60 days
CORRECT ANSWER: C. 30 days
Rationale: Under Section 4735.13, a broker must give notice to the
superintendent within thirty days after a change of business location, and
failure to do so is prima-facie evidence of misconduct.
Question 7: Which of the following describes the educational
requirements for a salesperson applicant who was NOT licensed
within the four-year period immediately preceding their current
application?
A. Must complete 20 hours of education within the last 5 years
B. Must complete all pre-licensure courses within the last 10 years
C. Must have an associate degree in any field
D. Must complete only the Ohio Real Estate Law course
CORRECT ANSWER: B. Must complete all pre-licensure courses
within the last 10 years
Rationale: Any person who has not been licensed as a real estate
salesperson or broker within a four-year period must have completed the
required pre-licensure classroom instruction within a 10-year period
immediately preceding their current application.
Question 8: A salesperson licensee is convicted of a felony. Within
how many days must the licensee notify the superintendent in
writing?
A. 5 days
B. 10 days
C. 15 days
D. 30 days
CORRECT ANSWER: C. 15 days
, Rationale: Ohio Revised Code Section 4735.13 requires a licensee to notify
the superintendent in writing within fifteen days of being convicted of a
felony or a crime involving moral turpitude.
Question 9: What is the application processing fee for a real estate
salesperson license payable to the Ohio Division of Real Estate?
A. $49
B. $60
C. $81
D. $100
CORRECT ANSWER: C. $81
Rationale: Under Ohio Administrative Code Rule 1301:5-1-05, the applicant
for a real estate sales license must submit an eighty-one dollar application
processing fee payable to the division.
Question 10: Which of the following is a permissible activity for a
real estate salesperson who holds an inactive license?
A. Listing a property for sale
B. Receiving referral fees for real estate transactions
C. Showing properties to prospective buyers
D. Referring a friend to a licensed broker without compensation
CORRECT ANSWER: D. Referring a friend to a licensed broker
without compensation
Rationale: An inactive licensee cannot perform any activities requiring a
real estate license, including listing, showing, or receiving compensation for
referrals. However, making a referral without receiving compensation is not
a licensed activity.
Question 11: The Ohio Real Estate Commission consists of how
many members?
A. 5 members
B. 7 members
C. 9 members
D. 11 members
CORRECT ANSWER: C. 9 members