CompuCram Real Estate Sales- National
+ Ohio
what type of deed would a buyer of real property prefer? - ✔️✔️general warranty deed
what title insurance policy insurance the holder of the right to use someone else's land?
- ✔️✔️easement
I residential tenant with a month to month lease enjoys which leasehold estate? -
✔️✔️periodic tenancy
An "in-company transaction" is one in which _______. - ✔️✔️different agents in the
same brokerage represent the buyer and seller.
under Ohio law, and accounting means that the licensee must - ✔️✔️make full
disclosure of all client money involved in a transaction
one reason license sees must provide disclosures upfront to prospective clients is to
avoid unintended or undisclosed - ✔️✔️fiduciary relationships
the term agency and agency relationship are defined by Ohio law as the relationship
between a real estate licensee and the - ✔️✔️person the licensee represents
when does a customer become a client? - ✔️✔️When the customer signs an agency
agreement with the broker.
a brokerage operates under an approved trade name and it should use that name, as it
appears on the license, and it's advertising. abbreviated words indicating the legal
structure of the organization, such as incorporated or company are not required on the
advertisement, but the advertisement must indicate that the individual or entity is a real
estate broker or salesperson. what other words, though not a part of the name, does the
law permit on the advertising? - ✔️✔️independent contractor
it salesperson places a new listing in the multiple listing service one afternoon. the next
morning, the salesperson receives three offers, all at the listed price, payable and cash
at closing. the salesperson should - ✔️✔️investigate the buyers to be able to advise
the seller concerning the best offer
if a third party maintains a website for a license fee, places information on the website
on behalf of the licensee, and that information becomes outdated or expired, how soon
must it be updated or removed - ✔️✔️outdated and expired information must be
updated or removed within two weeks
+ Ohio
what type of deed would a buyer of real property prefer? - ✔️✔️general warranty deed
what title insurance policy insurance the holder of the right to use someone else's land?
- ✔️✔️easement
I residential tenant with a month to month lease enjoys which leasehold estate? -
✔️✔️periodic tenancy
An "in-company transaction" is one in which _______. - ✔️✔️different agents in the
same brokerage represent the buyer and seller.
under Ohio law, and accounting means that the licensee must - ✔️✔️make full
disclosure of all client money involved in a transaction
one reason license sees must provide disclosures upfront to prospective clients is to
avoid unintended or undisclosed - ✔️✔️fiduciary relationships
the term agency and agency relationship are defined by Ohio law as the relationship
between a real estate licensee and the - ✔️✔️person the licensee represents
when does a customer become a client? - ✔️✔️When the customer signs an agency
agreement with the broker.
a brokerage operates under an approved trade name and it should use that name, as it
appears on the license, and it's advertising. abbreviated words indicating the legal
structure of the organization, such as incorporated or company are not required on the
advertisement, but the advertisement must indicate that the individual or entity is a real
estate broker or salesperson. what other words, though not a part of the name, does the
law permit on the advertising? - ✔️✔️independent contractor
it salesperson places a new listing in the multiple listing service one afternoon. the next
morning, the salesperson receives three offers, all at the listed price, payable and cash
at closing. the salesperson should - ✔️✔️investigate the buyers to be able to advise
the seller concerning the best offer
if a third party maintains a website for a license fee, places information on the website
on behalf of the licensee, and that information becomes outdated or expired, how soon
must it be updated or removed - ✔️✔️outdated and expired information must be
updated or removed within two weeks
