REAL ESTATE EXAM
ms ms
Exam Solution
ms
OH 40 Hour Real Estate Principles and Practices Cours
ms ms ms ms ms ms ms ms
e Final Exam 2026 A+ GRADE ASSURED COMPLETE SOL
ms ms ms ms ms ms ms ms
UTIONS AND VERIFIED ANSWERS (807ED) ms ms ms ms
QUESTION 1 ms
In which type of commercial lease does the tenant pay some or all expenses separatel
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
y?
ANSWER
Net lease
ms
QUESTION 2 ms
_______ pay earnest money to solidify their commitment to completing a real estate tra
ms ms ms ms ms ms ms ms ms ms ms ms ms
nsaction.
ANSWER
Buyers
QUESTION 3 ms
Which of the following is a residential dwelling with shared walls where the owner al
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
so typically owns the land on which the home sits?
ms ms ms ms ms ms ms ms ms
ANSWER
Townhome
QUESTION 4 ms
Which of the following statements describes laws and ethics?
ms ms ms ms ms ms ms ms
ANSWER
Laws are made by the government, and ethics are dependent on conscience and values.
ms ms ms ms ms ms ms ms ms ms ms ms ms
,QUESTION 5 ms
Marissa, a buyer, asks you what she can do to prepare to buy. What should you tell h
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
er?
ANSWER
She should get pre-qualified.
ms ms ms
QUESTION 6 ms
Janie's got an open house scheduled for Sunday, but lets her friend in on Saturday to
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
preview it. It's love at first sight! With the owner out of town, Janie decides to cancel
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the open house so there won't be any other offers. Her friend makes an offer and it's
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
accepted on Monday. What fiduciary duty or duties has Janie breached?
ms ms ms ms ms ms ms ms ms ms
ANSWER
Loyalty and disclosurems ms
QUESTION 7 ms
Your client exchanged one property for a similar property and did not have to pay ca
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
pital gains taxes that year. How did he do this?
ms ms ms ms ms ms ms ms ms
ANSWER
He did a tax-deferred exchange.
ms ms ms ms
QUESTION 8 ms
Based on the duty of reasonable skill and care, if clients ask agents for advice in area
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
s outside of an agent's scope of expertise, what should agents do?
ms ms ms ms ms ms ms ms ms ms ms
ANSWER
Refer their clients to a competent professional in that field.
ms ms ms ms ms ms ms ms ms
QUESTION 9 ms
To determine the net operating income of a property, subtract the total operating exp
ms ms ms ms ms ms ms ms ms ms ms ms ms
enses from the ______.
ms ms ms
ANSWER
Effective gross income ms ms
, QUESTION 10 ms
Which type of events are generally on a title insurance policy's schedule of exceptions
ms ms ms ms ms ms ms ms ms ms ms ms ms
?
ANSWER
Liens or claims that aren't on the public record
ms ms ms ms ms ms ms ms
QUESTION 11 ms
Minimizing risk in part means avoiding public networks, unsecure sites, and ______ site
ms ms ms ms ms ms ms ms ms ms ms ms
s.
ANSWER
Suspicious
QUESTION 12 ms
Easements are a type of encumbrance that can affect a property. Which of the followi
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ng is true about easements?
ms ms ms ms
ANSWER
Easements are often established by a written agreement between the parties.
ms ms ms ms ms ms ms ms ms ms
QUESTION 13 ms
When is a title search conducted?
ms ms ms ms ms
ANSWER
Before a property is sold in order to determine if there are any defects on the title
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
QUESTION 14 ms
It's not a good idea to post photos of your clients' expensive belongings. Why is that?
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ANSWER
It can attract the attention of thieves.
ms ms ms ms ms ms
QUESTION 15 ms
Your client would like to purchase a property that's subject to an existing lease agree
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ment and includes the tenant's right to renew the lease. What's your client's obligatio
ms ms ms ms ms ms ms ms ms ms ms ms ms
n, if any, to uphold this term of the lease agreement?
ms ms ms ms ms ms ms ms ms ms
ms ms
Exam Solution
ms
OH 40 Hour Real Estate Principles and Practices Cours
ms ms ms ms ms ms ms ms
e Final Exam 2026 A+ GRADE ASSURED COMPLETE SOL
ms ms ms ms ms ms ms ms
UTIONS AND VERIFIED ANSWERS (807ED) ms ms ms ms
QUESTION 1 ms
In which type of commercial lease does the tenant pay some or all expenses separatel
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
y?
ANSWER
Net lease
ms
QUESTION 2 ms
_______ pay earnest money to solidify their commitment to completing a real estate tra
ms ms ms ms ms ms ms ms ms ms ms ms ms
nsaction.
ANSWER
Buyers
QUESTION 3 ms
Which of the following is a residential dwelling with shared walls where the owner al
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
so typically owns the land on which the home sits?
ms ms ms ms ms ms ms ms ms
ANSWER
Townhome
QUESTION 4 ms
Which of the following statements describes laws and ethics?
ms ms ms ms ms ms ms ms
ANSWER
Laws are made by the government, and ethics are dependent on conscience and values.
ms ms ms ms ms ms ms ms ms ms ms ms ms
,QUESTION 5 ms
Marissa, a buyer, asks you what she can do to prepare to buy. What should you tell h
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
er?
ANSWER
She should get pre-qualified.
ms ms ms
QUESTION 6 ms
Janie's got an open house scheduled for Sunday, but lets her friend in on Saturday to
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
preview it. It's love at first sight! With the owner out of town, Janie decides to cancel
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the open house so there won't be any other offers. Her friend makes an offer and it's
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
accepted on Monday. What fiduciary duty or duties has Janie breached?
ms ms ms ms ms ms ms ms ms ms
ANSWER
Loyalty and disclosurems ms
QUESTION 7 ms
Your client exchanged one property for a similar property and did not have to pay ca
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
pital gains taxes that year. How did he do this?
ms ms ms ms ms ms ms ms ms
ANSWER
He did a tax-deferred exchange.
ms ms ms ms
QUESTION 8 ms
Based on the duty of reasonable skill and care, if clients ask agents for advice in area
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
s outside of an agent's scope of expertise, what should agents do?
ms ms ms ms ms ms ms ms ms ms ms
ANSWER
Refer their clients to a competent professional in that field.
ms ms ms ms ms ms ms ms ms
QUESTION 9 ms
To determine the net operating income of a property, subtract the total operating exp
ms ms ms ms ms ms ms ms ms ms ms ms ms
enses from the ______.
ms ms ms
ANSWER
Effective gross income ms ms
, QUESTION 10 ms
Which type of events are generally on a title insurance policy's schedule of exceptions
ms ms ms ms ms ms ms ms ms ms ms ms ms
?
ANSWER
Liens or claims that aren't on the public record
ms ms ms ms ms ms ms ms
QUESTION 11 ms
Minimizing risk in part means avoiding public networks, unsecure sites, and ______ site
ms ms ms ms ms ms ms ms ms ms ms ms
s.
ANSWER
Suspicious
QUESTION 12 ms
Easements are a type of encumbrance that can affect a property. Which of the followi
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ng is true about easements?
ms ms ms ms
ANSWER
Easements are often established by a written agreement between the parties.
ms ms ms ms ms ms ms ms ms ms
QUESTION 13 ms
When is a title search conducted?
ms ms ms ms ms
ANSWER
Before a property is sold in order to determine if there are any defects on the title
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
QUESTION 14 ms
It's not a good idea to post photos of your clients' expensive belongings. Why is that?
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ANSWER
It can attract the attention of thieves.
ms ms ms ms ms ms
QUESTION 15 ms
Your client would like to purchase a property that's subject to an existing lease agree
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ment and includes the tenant's right to renew the lease. What's your client's obligatio
ms ms ms ms ms ms ms ms ms ms ms ms ms
n, if any, to uphold this term of the lease agreement?
ms ms ms ms ms ms ms ms ms ms
