PSI Services LLC Ohio Real Estate 2026/2027 | Ohio
PSI Real Estate Salesperson & Broker License Exam
Study Guide & Practice Questions | Ohio Real Estate
State & National Exam Prep, Ohio Licensing Law,
Brokerage Relationships, Agency, Contracts, Property
Ownership, Financing, Valuation, Real Estate Math,
Ohio Regulations, Disclosures & Detailed Rationales
Question 1: Which Ohio agency is responsible for licensing real
estate salespersons and brokers?
A. Ohio Department of Insurance
B. Ohio Division of Real Estate and Professional Licensing
C. Ohio Housing Finance Agency
D. Ohio Attorney General's Office
CORRECT ANSWER: B. Ohio Division of Real Estate and
Professional Licensing
Rationale: The Ohio Division of Real Estate and Professional Licensing,
under the Ohio Department of Commerce, is the regulatory body that
licenses and oversees real estate professionals in Ohio. This agency
administers the licensing examination through PSI Services LLC and
enforces Ohio Revised Code Chapter 4735.
Question 2: What is the minimum age requirement to obtain an
Ohio real estate salesperson license?
A. 17 years old
B. 18 years old
C. 19 years old
D. 21 years old
CORRECT ANSWER: B. 18 years old
Rationale: Ohio law requires applicants for a real estate salesperson license
to be at least 18 years of age. This is a fundamental eligibility requirement
that must be met before sitting for the licensing examination.
Question 3: How many total hours of pre-licensing education are
required for an Ohio real estate salesperson license?
A. 60 hours
B. 90 hours
,C. 120 hours
D. 150 hours
CORRECT ANSWER: C. 120 hours
Rationale: Ohio requires 120 total hours of pre-licensing education for
salesperson candidates. This consists of 40 hours in Real Estate Principles
and Practices, 40 hours in Ohio Real Estate Law (including civil rights and
housing discrimination), 20 hours in Real Estate Appraisal, and 20 hours in
Real Estate Finance.
Question 4: How many questions are on the Ohio real estate
salesperson licensing examination?
A. 80 questions
B. 100 questions
C. 120 questions
D. 150 questions
CORRECT ANSWER: C. 120 questions
Rationale: The Ohio real estate salesperson examination consists of 120
questions total. The exam is divided into two sections: 80 questions on the
national portion and 40 questions on the Ohio-specific portion.
Question 5: What is the passing score required for each section of
the Ohio real estate licensing examination?
A. 60%
B. 65%
C. 70%
D. 75%
CORRECT ANSWER: C. 70%
Rationale: Candidates must achieve a minimum score of 70% on both the
national and state portions of the Ohio real estate examination. A high
score on one section cannot compensate for a failing score on the other
section.
Question 6: Under Ohio law, what is the maximum time allowed for
both portions of the real estate examination to be passed?
A. 6 months
B. 12 months
,C. 18 months
D. 24 months
CORRECT ANSWER: B. 12 months
Rationale: Candidates must pass both portions of the examination within 12
months of the initial approval date listed on their examination application. If
both portions are not passed within this period, the candidate must reapply
and pay a new application fee.
Question 7: Which of the following is NOT a fiduciary duty owed by
an Ohio real estate agent to their client?
A. Loyalty
B. Confidentiality
C. Disclosure
D. Profit maximization
CORRECT ANSWER: D. Profit maximization
Rationale: Fiduciary duties in Ohio real estate include loyalty,
confidentiality, disclosure, obedience, reasonable care, and accounting.
Profit maximization is not a fiduciary duty; while agents should seek
favorable terms for clients, they cannot guarantee maximum profit.
Question 8: In Ohio, what is the term for a licensee who represents
both the buyer and seller in the same transaction?
A. Single agent
B. Dual agent
C. Transaction broker
D. Subagent
CORRECT ANSWER: B. Dual agent
Rationale: A dual agent is a licensee who represents both the purchaser and
seller in the same real estate transaction. In Ohio, dual agency requires
informed written consent from both parties and the licensee must remain
neutral regarding price negotiations.
Question 9: When must an Ohio licensee provide the "Consumer
Guide to Agency Relationships" to a prospective purchaser?
A. At closing
B. Before submitting an offer
, C. Within 24 hours of first contact
D. Only if requested
CORRECT ANSWER: B. Before submitting an offer
Rationale: The Consumer Guide to Agency Relationships must be provided
to a purchaser before the earliest of several events, including initiating
prequalification evaluation, showing property (other than at an open house),
discussing making an offer, or submitting an offer.
Question 10: Which of the following correctly describes the
purpose of the Ohio Residential Property Disclosure Form?
A. It guarantees the property is free from defects
B. It informs buyers of known material defects in the property
C. It replaces the need for a professional inspection
D. It transfers liability from seller to agent
CORRECT ANSWER: B. It informs buyers of known material defects
in the property
Rationale: The Ohio Residential Property Disclosure Form requires sellers
to disclose known material defects and conditions affecting the property. It
does not serve as a warranty or substitute for a professional inspection.
Question 11: In Ohio, what is the primary purpose of the Real
Estate Recovery Fund?
A. To provide loans to first-time homebuyers
B. To compensate consumers who suffer financial loss due to licensee
misconduct
C. To fund continuing education for licensees
D. To support affordable housing initiatives
CORRECT ANSWER: B. To compensate consumers who suffer
financial loss due to licensee misconduct
Rationale: The Ohio Real Estate Recovery Fund exists to reimburse
consumers who obtain a court judgment against a licensee for acts
involving fraud, misrepresentation, or deceit in real estate transactions but
are unable to collect from the licensee.
Question 12: How often must an Ohio real estate salesperson
license be renewed?
PSI Real Estate Salesperson & Broker License Exam
Study Guide & Practice Questions | Ohio Real Estate
State & National Exam Prep, Ohio Licensing Law,
Brokerage Relationships, Agency, Contracts, Property
Ownership, Financing, Valuation, Real Estate Math,
Ohio Regulations, Disclosures & Detailed Rationales
Question 1: Which Ohio agency is responsible for licensing real
estate salespersons and brokers?
A. Ohio Department of Insurance
B. Ohio Division of Real Estate and Professional Licensing
C. Ohio Housing Finance Agency
D. Ohio Attorney General's Office
CORRECT ANSWER: B. Ohio Division of Real Estate and
Professional Licensing
Rationale: The Ohio Division of Real Estate and Professional Licensing,
under the Ohio Department of Commerce, is the regulatory body that
licenses and oversees real estate professionals in Ohio. This agency
administers the licensing examination through PSI Services LLC and
enforces Ohio Revised Code Chapter 4735.
Question 2: What is the minimum age requirement to obtain an
Ohio real estate salesperson license?
A. 17 years old
B. 18 years old
C. 19 years old
D. 21 years old
CORRECT ANSWER: B. 18 years old
Rationale: Ohio law requires applicants for a real estate salesperson license
to be at least 18 years of age. This is a fundamental eligibility requirement
that must be met before sitting for the licensing examination.
Question 3: How many total hours of pre-licensing education are
required for an Ohio real estate salesperson license?
A. 60 hours
B. 90 hours
,C. 120 hours
D. 150 hours
CORRECT ANSWER: C. 120 hours
Rationale: Ohio requires 120 total hours of pre-licensing education for
salesperson candidates. This consists of 40 hours in Real Estate Principles
and Practices, 40 hours in Ohio Real Estate Law (including civil rights and
housing discrimination), 20 hours in Real Estate Appraisal, and 20 hours in
Real Estate Finance.
Question 4: How many questions are on the Ohio real estate
salesperson licensing examination?
A. 80 questions
B. 100 questions
C. 120 questions
D. 150 questions
CORRECT ANSWER: C. 120 questions
Rationale: The Ohio real estate salesperson examination consists of 120
questions total. The exam is divided into two sections: 80 questions on the
national portion and 40 questions on the Ohio-specific portion.
Question 5: What is the passing score required for each section of
the Ohio real estate licensing examination?
A. 60%
B. 65%
C. 70%
D. 75%
CORRECT ANSWER: C. 70%
Rationale: Candidates must achieve a minimum score of 70% on both the
national and state portions of the Ohio real estate examination. A high
score on one section cannot compensate for a failing score on the other
section.
Question 6: Under Ohio law, what is the maximum time allowed for
both portions of the real estate examination to be passed?
A. 6 months
B. 12 months
,C. 18 months
D. 24 months
CORRECT ANSWER: B. 12 months
Rationale: Candidates must pass both portions of the examination within 12
months of the initial approval date listed on their examination application. If
both portions are not passed within this period, the candidate must reapply
and pay a new application fee.
Question 7: Which of the following is NOT a fiduciary duty owed by
an Ohio real estate agent to their client?
A. Loyalty
B. Confidentiality
C. Disclosure
D. Profit maximization
CORRECT ANSWER: D. Profit maximization
Rationale: Fiduciary duties in Ohio real estate include loyalty,
confidentiality, disclosure, obedience, reasonable care, and accounting.
Profit maximization is not a fiduciary duty; while agents should seek
favorable terms for clients, they cannot guarantee maximum profit.
Question 8: In Ohio, what is the term for a licensee who represents
both the buyer and seller in the same transaction?
A. Single agent
B. Dual agent
C. Transaction broker
D. Subagent
CORRECT ANSWER: B. Dual agent
Rationale: A dual agent is a licensee who represents both the purchaser and
seller in the same real estate transaction. In Ohio, dual agency requires
informed written consent from both parties and the licensee must remain
neutral regarding price negotiations.
Question 9: When must an Ohio licensee provide the "Consumer
Guide to Agency Relationships" to a prospective purchaser?
A. At closing
B. Before submitting an offer
, C. Within 24 hours of first contact
D. Only if requested
CORRECT ANSWER: B. Before submitting an offer
Rationale: The Consumer Guide to Agency Relationships must be provided
to a purchaser before the earliest of several events, including initiating
prequalification evaluation, showing property (other than at an open house),
discussing making an offer, or submitting an offer.
Question 10: Which of the following correctly describes the
purpose of the Ohio Residential Property Disclosure Form?
A. It guarantees the property is free from defects
B. It informs buyers of known material defects in the property
C. It replaces the need for a professional inspection
D. It transfers liability from seller to agent
CORRECT ANSWER: B. It informs buyers of known material defects
in the property
Rationale: The Ohio Residential Property Disclosure Form requires sellers
to disclose known material defects and conditions affecting the property. It
does not serve as a warranty or substitute for a professional inspection.
Question 11: In Ohio, what is the primary purpose of the Real
Estate Recovery Fund?
A. To provide loans to first-time homebuyers
B. To compensate consumers who suffer financial loss due to licensee
misconduct
C. To fund continuing education for licensees
D. To support affordable housing initiatives
CORRECT ANSWER: B. To compensate consumers who suffer
financial loss due to licensee misconduct
Rationale: The Ohio Real Estate Recovery Fund exists to reimburse
consumers who obtain a court judgment against a licensee for acts
involving fraud, misrepresentation, or deceit in real estate transactions but
are unable to collect from the licensee.
Question 12: How often must an Ohio real estate salesperson
license be renewed?
