Real Estate Law Exam Questions With
Correct Answers
What |is |the |primary |purpose |of |most |civil |lawsuits? |- |CORRECT |ANSWER✔✔-to |compensate |a |
person |who |has |been |harmed
A |person |who |commits |a |tort....... |- |CORRECT |ANSWER✔✔-has |violated |the |standards |of |
reasonable |conduct
Unconstitutional |law........... |- |CORRECT |ANSWER✔✔-exceeds |the |powers |granted |to |the |
government
Which |would |be |most |likely |to |issue |an |ordinance? |- |CORRECT |ANSWER✔✔-A. |The |Ashtabula |
county |court
B. |the |Dayton |city |council
C. |The |Ohio |Real |Estate |Commission
D. |The |Ohio |State |Senate
Answer: |B
What |is |the |main |purpose |of |the |doctrine |of |Stare |Decises |? |- |CORRECT |ANSWER✔✔-to |make |
court |decisions |more |consistent |and |predictable
What |can |limit |a |courts |jurisdiction? |- |CORRECT |ANSWER✔✔-- |amount |of |money |at |issue |in |a |
case
- |geographical |boundaries
, - |subject |matter |of |the |case
Alice |sued |Betty |for |breach |of |contract, |claiming |$175,000 |in |damages. |Which |kind |of |state |
court |did |Alice |file |suit |in? |- |CORRECT |ANSWER✔✔-Court |of |Common |Pleas
An |example |of |a |person |who |does |not |need |a |real |estate |license |is....... |- |CORRECT |
ANSWER✔✔-a |salaried |employee |of |ABC |Corporation |when |selling |the |company's |own |
property
The |Ohio |real |estate |commission |is |part |of |what? |- |CORRECT |ANSWER✔✔-the |Department |of |
Commerce
Which |authority |revokes |licenses? |- |CORRECT |ANSWER✔✔-The |real |estate |commission
An |example |of |what |a |real |estate |licensee |is |NOT |allowed |to |do...... |- |CORRECT |ANSWER✔✔-- |
draft |deeds |for |sellers
-keep |the |earnest |money |if |the |deed |falls |through
-use |an |open-ended |expiration |date |on |an |open |listing |agreement
A |real |estate |licensee |is |allowed |to...... |- |CORRECT |ANSWER✔✔-offer |real |estate |to |the |market
|only |on |the |terms |allowed |by |the |seller
a |sales |associate |can |- |CORRECT |ANSWER✔✔-personally |buy |a |listing |only |after |disclosure |to |
the |seller |that |the |sales |associate |is |a |principal
what |must |all |brokers |have |? |- |CORRECT |ANSWER✔✔-a |place |of |business |to |operate |as |
brokers
Correct Answers
What |is |the |primary |purpose |of |most |civil |lawsuits? |- |CORRECT |ANSWER✔✔-to |compensate |a |
person |who |has |been |harmed
A |person |who |commits |a |tort....... |- |CORRECT |ANSWER✔✔-has |violated |the |standards |of |
reasonable |conduct
Unconstitutional |law........... |- |CORRECT |ANSWER✔✔-exceeds |the |powers |granted |to |the |
government
Which |would |be |most |likely |to |issue |an |ordinance? |- |CORRECT |ANSWER✔✔-A. |The |Ashtabula |
county |court
B. |the |Dayton |city |council
C. |The |Ohio |Real |Estate |Commission
D. |The |Ohio |State |Senate
Answer: |B
What |is |the |main |purpose |of |the |doctrine |of |Stare |Decises |? |- |CORRECT |ANSWER✔✔-to |make |
court |decisions |more |consistent |and |predictable
What |can |limit |a |courts |jurisdiction? |- |CORRECT |ANSWER✔✔-- |amount |of |money |at |issue |in |a |
case
- |geographical |boundaries
, - |subject |matter |of |the |case
Alice |sued |Betty |for |breach |of |contract, |claiming |$175,000 |in |damages. |Which |kind |of |state |
court |did |Alice |file |suit |in? |- |CORRECT |ANSWER✔✔-Court |of |Common |Pleas
An |example |of |a |person |who |does |not |need |a |real |estate |license |is....... |- |CORRECT |
ANSWER✔✔-a |salaried |employee |of |ABC |Corporation |when |selling |the |company's |own |
property
The |Ohio |real |estate |commission |is |part |of |what? |- |CORRECT |ANSWER✔✔-the |Department |of |
Commerce
Which |authority |revokes |licenses? |- |CORRECT |ANSWER✔✔-The |real |estate |commission
An |example |of |what |a |real |estate |licensee |is |NOT |allowed |to |do...... |- |CORRECT |ANSWER✔✔-- |
draft |deeds |for |sellers
-keep |the |earnest |money |if |the |deed |falls |through
-use |an |open-ended |expiration |date |on |an |open |listing |agreement
A |real |estate |licensee |is |allowed |to...... |- |CORRECT |ANSWER✔✔-offer |real |estate |to |the |market
|only |on |the |terms |allowed |by |the |seller
a |sales |associate |can |- |CORRECT |ANSWER✔✔-personally |buy |a |listing |only |after |disclosure |to |
the |seller |that |the |sales |associate |is |a |principal
what |must |all |brokers |have |? |- |CORRECT |ANSWER✔✔-a |place |of |business |to |operate |as |
brokers
