OH 40-Hour Real Estate Law Course Exam Prep: Real
Estate Governance Flashcard Set
Appeal - ANS -The losing party in a lawsuit challenges the lower court's decision in a higher court
\Associate broker - ANS -An individual or entity who is licensed as a broker, but chooses to associate with and be
supervised by a broker
\Behavioral interviewing - ANS -Interview questions that ask the candidate to describe examples of past behavior or of
how they'd react to an example situation that may come up in the position
\Broker - ANS -A person or entity who, for a fee and for another person, engages in licensable real estate activities.
Entities that can be licensed include partnerships, associations, limited liability companies (LLCs), limited liability
partnerships (LLPs), or corporations
\Broker - ANS -Any person or entity that performs real estate brokerage activities on behalf of another for a fee,
commission, or other valuable consideration
\Civil litigation - ANS -One individual or entity sues another for compensation
\Commission disciplinary sanctions - ANS -Censure, education, fines, license suspension, or license revocation
\Court of common pleas - ANS -Primary trial courts in Ohio
\Criminal litigation - ANS -The government sues an individual or entity for violating a law in order to punish the wrongdoer
and protect society
\Dispute resolutions that don't involve litigation - ANS -Arbitration and mediation
\Division of Real Estate and Professional Licensing - ANS -Primarily responsible for overseeing the real estate industry in
the state and administering license law
\Employee paperwork - ANS -W-4 form; FLSA-required personnel records; employment agreement
\Foreign real estate - ANS -Real estate located outside of Ohio
\Foreign real estate dealer - ANS -Any person or entity who deals in any real estate activities or transactions in states
outside of Ohio
Estate Governance Flashcard Set
Appeal - ANS -The losing party in a lawsuit challenges the lower court's decision in a higher court
\Associate broker - ANS -An individual or entity who is licensed as a broker, but chooses to associate with and be
supervised by a broker
\Behavioral interviewing - ANS -Interview questions that ask the candidate to describe examples of past behavior or of
how they'd react to an example situation that may come up in the position
\Broker - ANS -A person or entity who, for a fee and for another person, engages in licensable real estate activities.
Entities that can be licensed include partnerships, associations, limited liability companies (LLCs), limited liability
partnerships (LLPs), or corporations
\Broker - ANS -Any person or entity that performs real estate brokerage activities on behalf of another for a fee,
commission, or other valuable consideration
\Civil litigation - ANS -One individual or entity sues another for compensation
\Commission disciplinary sanctions - ANS -Censure, education, fines, license suspension, or license revocation
\Court of common pleas - ANS -Primary trial courts in Ohio
\Criminal litigation - ANS -The government sues an individual or entity for violating a law in order to punish the wrongdoer
and protect society
\Dispute resolutions that don't involve litigation - ANS -Arbitration and mediation
\Division of Real Estate and Professional Licensing - ANS -Primarily responsible for overseeing the real estate industry in
the state and administering license law
\Employee paperwork - ANS -W-4 form; FLSA-required personnel records; employment agreement
\Foreign real estate - ANS -Real estate located outside of Ohio
\Foreign real estate dealer - ANS -Any person or entity who deals in any real estate activities or transactions in states
outside of Ohio
