Ohio Real Estate Exam Practice Questions and
answers Updated edition GUARANTEED
SUCCESS 2025/2026
May a consumer who has been harmed by a licensee acting under her license as a real estate
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
Correct Answers CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment,
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
and attempt to collect
II! II! II! II!
II! A listing agreement in which the agent may possibly be in competition with the client to see who
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! can sell the house first is an exclusive - Correct Answers CORRECT ANSWER: agency
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! According to the Statute of Frauds, what does NOT have to be in writing? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: listing agreement II! II! II!
II! If a third party maintains a website for a licensee, places information on the website on behalf of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the licensee, and that information becomes outdated or expired, how soon must it be updated or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! removed? - Correct Answers CORRECT ANSWER: Outdated and expired information must be
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! updated or removed within two weeks II! II! II! II! II!
II! After issuing a bad check, the Division requires the licensee to send certified funds for all
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! subsequent payments for a period of - Correct Answers CORRECT ANSWER: 5 years II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! How much will a licensee be fined for paying fees to the state with a bad check? - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers CORRECT ANSWER: $100 II! II! II! II! II! II!
,II! Once a salesperson is affiliated with a broker, what are the steps to be taken to associate with
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! another broker? - Correct Answers CORRECT ANSWER: the salesperson must submit an
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! application to the Superintendent II! II! II!
II! What statement regarding condominium ownership is correct? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: A unit owner may devise the property II! II! II! II! II! II! II!
II! Julie is the new owner of a house and decides to remove the carpet. After doing so, she discovers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! there is significant pet damage to the hardwood floor beneath the carpet. Julie cuts most of the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! center of the floor out and replaces it with subfloor. Julie then places a Persian rug over the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! subfloor. When Julie sells, can she remove the Persian rug? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: No, anything that covers subflooring becomes real property II! II! II! II! II! II! II! II!
II! How would a developer/builder typically finance a development? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: blanket II!
II! For a conventional loan, how much of a borrower's income can be used to service debt? - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers CORRECT ANSWER: 36% II! II! II! II! II! II!
II! What document uses legal title to real property to secure debt? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: mortgage II!
II! According to the Lead-Based Paint Hazard Reduction Act, what can happen to a licensee if she
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! fails to give a buyer the lead-based paint pamphlet and disclosures? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER:
- $10,000 fine
II! II!
- 3 times compensatory damages in lawsuit
II! II! II! II! II! II!
- punishment
II!
, II! The non-breaching party to a contract has a duty by law to - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: mitigate damages II! II!
II! What would be considered evidence of the agency relationship between broker and buyer? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers CORRECT ANSWER: buyer-broker contract
II! II! II! II! II! II! II! II!
II! Harvey enters into a lease where he must pay 30 percent of the landlord's expenses. Which type
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! of lease did Harvey sign? - Correct Answers CORRECT ANSWER: net lease
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Which statement regarding RESPA is TRUE? - Correct Answers RESPA eliminates kickbacks and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! other referral fees, prohibits lenders from requiring excessive escrow account deposits, and
II! II! II! II! II! II! II! II! II! II! II!
II! provides accurate and timely information about the actual cost of buying or selling a home.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! A wealthy business man whishes to change his last will and testament to exclude a relative who
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! recently died. Which document will the testator use to make the change? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: codicil II! II!
RATIONALE
An addendum would signify a change in the terms of a contract. A certificate of transfer is the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
instrument used to convey title to a devise. A transfer on death deed transfers title of a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
decedent's property upon death. A codicil is used to change a last will and testament.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! When a broker received an unexpected bill, he deposited a client's earnest money check into his
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! personal account to cover the expense. This best describes - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: conversion II!
II! A real estate agent has written an offer in which Luke, the buyer, asked the sellers to pay his half
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! of the escrow fee and his three points. The sellers accepted $135,000 for the home and Luke is
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! going to put $40,000 down. How much will the Luke pay for his points? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: $0 II! II!
answers Updated edition GUARANTEED
SUCCESS 2025/2026
May a consumer who has been harmed by a licensee acting under her license as a real estate
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
Correct Answers CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment,
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
and attempt to collect
II! II! II! II!
II! A listing agreement in which the agent may possibly be in competition with the client to see who
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! can sell the house first is an exclusive - Correct Answers CORRECT ANSWER: agency
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! According to the Statute of Frauds, what does NOT have to be in writing? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: listing agreement II! II! II!
II! If a third party maintains a website for a licensee, places information on the website on behalf of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the licensee, and that information becomes outdated or expired, how soon must it be updated or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! removed? - Correct Answers CORRECT ANSWER: Outdated and expired information must be
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! updated or removed within two weeks II! II! II! II! II!
II! After issuing a bad check, the Division requires the licensee to send certified funds for all
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! subsequent payments for a period of - Correct Answers CORRECT ANSWER: 5 years II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! How much will a licensee be fined for paying fees to the state with a bad check? - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers CORRECT ANSWER: $100 II! II! II! II! II! II!
,II! Once a salesperson is affiliated with a broker, what are the steps to be taken to associate with
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! another broker? - Correct Answers CORRECT ANSWER: the salesperson must submit an
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! application to the Superintendent II! II! II!
II! What statement regarding condominium ownership is correct? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: A unit owner may devise the property II! II! II! II! II! II! II!
II! Julie is the new owner of a house and decides to remove the carpet. After doing so, she discovers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! there is significant pet damage to the hardwood floor beneath the carpet. Julie cuts most of the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! center of the floor out and replaces it with subfloor. Julie then places a Persian rug over the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! subfloor. When Julie sells, can she remove the Persian rug? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: No, anything that covers subflooring becomes real property II! II! II! II! II! II! II! II!
II! How would a developer/builder typically finance a development? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: blanket II!
II! For a conventional loan, how much of a borrower's income can be used to service debt? - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers CORRECT ANSWER: 36% II! II! II! II! II! II!
II! What document uses legal title to real property to secure debt? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: mortgage II!
II! According to the Lead-Based Paint Hazard Reduction Act, what can happen to a licensee if she
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! fails to give a buyer the lead-based paint pamphlet and disclosures? - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER:
- $10,000 fine
II! II!
- 3 times compensatory damages in lawsuit
II! II! II! II! II! II!
- punishment
II!
, II! The non-breaching party to a contract has a duty by law to - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: mitigate damages II! II!
II! What would be considered evidence of the agency relationship between broker and buyer? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers CORRECT ANSWER: buyer-broker contract
II! II! II! II! II! II! II! II!
II! Harvey enters into a lease where he must pay 30 percent of the landlord's expenses. Which type
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! of lease did Harvey sign? - Correct Answers CORRECT ANSWER: net lease
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Which statement regarding RESPA is TRUE? - Correct Answers RESPA eliminates kickbacks and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! other referral fees, prohibits lenders from requiring excessive escrow account deposits, and
II! II! II! II! II! II! II! II! II! II! II!
II! provides accurate and timely information about the actual cost of buying or selling a home.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! A wealthy business man whishes to change his last will and testament to exclude a relative who
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! recently died. Which document will the testator use to make the change? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: codicil II! II!
RATIONALE
An addendum would signify a change in the terms of a contract. A certificate of transfer is the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
instrument used to convey title to a devise. A transfer on death deed transfers title of a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
decedent's property upon death. A codicil is used to change a last will and testament.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! When a broker received an unexpected bill, he deposited a client's earnest money check into his
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! personal account to cover the expense. This best describes - Correct Answers CORRECT
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! ANSWER: conversion II!
II! A real estate agent has written an offer in which Luke, the buyer, asked the sellers to pay his half
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! of the escrow fee and his three points. The sellers accepted $135,000 for the home and Luke is
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! going to put $40,000 down. How much will the Luke pay for his points? - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! CORRECT ANSWER: $0 II! II!
