Ohio Real Estate Exam 2025 Questions With
100% Correct Answers Already Passed!!
May a consumer who has been harmed by a licensee acting under her license as a real
estate salesperson or broker immediately file a claim for payment from the Real Estate
Recovery Fund? Answer-CORRECT ANSWER>> No, the consumer must file a lawsuit, get a
final judgment, and attempt to collect
A listing agreement in which the agent may possibly be in competition with the client to
see who can sell the house first is an exclusive Answer-CORRECT ANSWER>> agency
According to the Statute of Frauds, what does NOT have to be in writing? Answer-
CORRECT ANSWER>> listing agreement
If a third party maintains a website for a licensee, 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behalf of the licensee, and that information becomes outdated or expired, how soon must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? Answer-CORRECT ANSWER>> Outdated and expired
information must be updated or removed within two weeks
After issuing a bad check, the Division requires the licensee to send certified funds for all
subsequent payments for a period of Answer-CORRECT ANSWER>> 5 years
How much will a licensee be fined for paying fees to the state with a bad check? Answer-
CORRECT ANSWER>> $100
Once a salesperson is affiliated with a broker, what are the steps to be taken to associate
with another broker? Answer-CORRECT ANSWER>> the salesperson must submit an
application to the Superintendent
What statement regarding condominium ownership is correct? Answer-CORRECT
ANSWER>> A unit owner may devise the property
Julie is the new owner of a house and decides to remove the carpet. After doing so, she
discovers there is significant pet damage to the hardwood floor beneath the carpet. Julie
cuts most of the center of the floor out and replaces it with subfloor.
Julie then places a Persian rug over the subfloor. When Julie sells, can she remove the
Persian rug? Answer-CORRECT ANSWER>> No, anything that covers subflooring becomes
real property
,How would a developer/builder typically finance a development? Answer-CORRECT
ANSWER>> blanket
For a conventional loan, how much of a borrower's income can be used to service debt?
Answer-CORRECT ANSWER>> 36%
What document uses legal title to real property to secure debt? Answer-CORRECT
ANSWER>> mortgage
According to the Lead-Based Paint Hazard Reduction Act, what can happen to a licensee if
she fails to give a buyer the lead-based paint pamphlet and disclosures? Answer-CORRECT
ANSWER>>
- $10,000 fine
3 times compensatory damages in lawsuit
punishment
The non-breaching party to a contract has a duty by law to Answer-CORRECT ANSWER>>
mitigate damages
What would be considered evidence of the agency relationship between broker and
buyer? Answer-CORRECT ANSWER>> buyer-broker contract
Harvey enters into a lease where he must pay 30 percent of the landlord's expenses.
Which type of lease did Harvey sign? Answer-CORRECT ANSWER>> net lease
Which statement regarding RESPA is TRUE? Answer- RESPA eliminates kickbacks and other
referral fees, prohibits lenders from requiring excessive escrow account deposits, and
provides accurate and timely information about the actual cost of buying or selling a
home.
A wealthy business man wishes to change his last will and testament to exclude a relative
who recently died. Which document will the testator use to make the change? Answer-
CORRECT ANSWER>> codicil
When a broker received an unexpected bill, he deposited a client's earnest money check
into his personal account to cover the expense. This best describes Answer-CORRECT
ANSWER>> conversion
A real estate agent has written an offer in which Luke, the buyer, asked the sellers to pay
his half of the escrow fee and his three points. The sellers accepted $135,000 for the home
and Luke is going to put $40,000 down. How much will the Luke pay for his points?
Answer-CORRECT ANSWER>> $0
, The buyer asks for information about the property. Their agent telephones you for that
information, but submits an offer before you have time to respond to the call. What do
you do with the offer and the information request? Answer-CORRECT ANSWER>> Respond
to the offer and the information request in writing as soon as possible
The fee to amend a license to practice real estate is Answer-CORRECT ANSWER>>
$34
What is the fee to transfer a real estate salesperson's license from one brokerage to
another? Answer-CORRECT ANSWER>> $34
The fee to apply for a real estate broker license is Answer-CORRECT ANSWER>>
$135
May a consumer who has been harmed by a licensee acting under her license as a real
estate salesperson or broker immediately file a claim for payment from the Real Estate
Recovery Fund? Answer-CORRECT ANSWER>> No, the consumer must file a lawsuit, get a
final judgment, and attempt to collect
According to the Statute of Frauds, what does NOT have to be in writing? Answer-
CORRECT ANSWER>> listing agreement
If a third party maintains a website for a licensee, 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? Answer-CORRECT ANSWER>> Outdated and expired
information must be updated or removed within two weeks
The terms "agency" and "agency relationship" are defined by Ohio law as the relationship
between a real estate licensee and the Answer-CORRECT ANSWER>> person the licensee
represents
What should a salesperson do if a buyer-client, who happens to be an Hispanic American,
instructs the agent to show him homes in areas where "other Hispanics" live? Answer-
CORRECT ANSWER>> ask the client to specify areas of interest
A property management account: Answer-CORRECT ANSWER>> Can earn interest
A couple is engaged to be married. Any real estate they own at the time the marriage
takes place remains that spouse's property in severalty, and property acquired after the
marriage belongs equally to both of them. This type of ownership is referred to as Answer-
CORRECT ANSWER>> community property
100% Correct Answers Already Passed!!
May a consumer who has been harmed by a licensee acting under her license as a real
estate salesperson or broker immediately file a claim for payment from the Real Estate
Recovery Fund? Answer-CORRECT ANSWER>> No, the consumer must file a lawsuit, get a
final judgment, and attempt to collect
A listing agreement in which the agent may possibly be in competition with the client to
see who can sell the house first is an exclusive Answer-CORRECT ANSWER>> agency
According to the Statute of Frauds, what does NOT have to be in writing? Answer-
CORRECT ANSWER>> listing agreement
If a third party maintains a website for a licensee, 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? Answer-CORRECT ANSWER>> Outdated and expired
information must be updated or removed within two weeks
After issuing a bad check, the Division requires the licensee to send certified funds for all
subsequent payments for a period of Answer-CORRECT ANSWER>> 5 years
How much will a licensee be fined for paying fees to the state with a bad check? Answer-
CORRECT ANSWER>> $100
Once a salesperson is affiliated with a broker, what are the steps to be taken to associate
with another broker? Answer-CORRECT ANSWER>> the salesperson must submit an
application to the Superintendent
What statement regarding condominium ownership is correct? Answer-CORRECT
ANSWER>> A unit owner may devise the property
Julie is the new owner of a house and decides to remove the carpet. After doing so, she
discovers there is significant pet damage to the hardwood floor beneath the carpet. Julie
cuts most of the center of the floor out and replaces it with subfloor.
Julie then places a Persian rug over the subfloor. When Julie sells, can she remove the
Persian rug? Answer-CORRECT ANSWER>> No, anything that covers subflooring becomes
real property
,How would a developer/builder typically finance a development? Answer-CORRECT
ANSWER>> blanket
For a conventional loan, how much of a borrower's income can be used to service debt?
Answer-CORRECT ANSWER>> 36%
What document uses legal title to real property to secure debt? Answer-CORRECT
ANSWER>> mortgage
According to the Lead-Based Paint Hazard Reduction Act, what can happen to a licensee if
she fails to give a buyer the lead-based paint pamphlet and disclosures? Answer-CORRECT
ANSWER>>
- $10,000 fine
3 times compensatory damages in lawsuit
punishment
The non-breaching party to a contract has a duty by law to Answer-CORRECT ANSWER>>
mitigate damages
What would be considered evidence of the agency relationship between broker and
buyer? Answer-CORRECT ANSWER>> buyer-broker contract
Harvey enters into a lease where he must pay 30 percent of the landlord's expenses.
Which type of lease did Harvey sign? Answer-CORRECT ANSWER>> net lease
Which statement regarding RESPA is TRUE? Answer- RESPA eliminates kickbacks and other
referral fees, prohibits lenders from requiring excessive escrow account deposits, and
provides accurate and timely information about the actual cost of buying or selling a
home.
A wealthy business man wishes to change his last will and testament to exclude a relative
who recently died. Which document will the testator use to make the change? Answer-
CORRECT ANSWER>> codicil
When a broker received an unexpected bill, he deposited a client's earnest money check
into his personal account to cover the expense. This best describes Answer-CORRECT
ANSWER>> conversion
A real estate agent has written an offer in which Luke, the buyer, asked the sellers to pay
his half of the escrow fee and his three points. The sellers accepted $135,000 for the home
and Luke is going to put $40,000 down. How much will the Luke pay for his points?
Answer-CORRECT ANSWER>> $0
, The buyer asks for information about the property. Their agent telephones you for that
information, but submits an offer before you have time to respond to the call. What do
you do with the offer and the information request? Answer-CORRECT ANSWER>> Respond
to the offer and the information request in writing as soon as possible
The fee to amend a license to practice real estate is Answer-CORRECT ANSWER>>
$34
What is the fee to transfer a real estate salesperson's license from one brokerage to
another? Answer-CORRECT ANSWER>> $34
The fee to apply for a real estate broker license is Answer-CORRECT ANSWER>>
$135
May a consumer who has been harmed by a licensee acting under her license as a real
estate salesperson or broker immediately file a claim for payment from the Real Estate
Recovery Fund? Answer-CORRECT ANSWER>> No, the consumer must file a lawsuit, get a
final judgment, and attempt to collect
According to the Statute of Frauds, what does NOT have to be in writing? Answer-
CORRECT ANSWER>> listing agreement
If a third party maintains a website for a licensee, 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? Answer-CORRECT ANSWER>> Outdated and expired
information must be updated or removed within two weeks
The terms "agency" and "agency relationship" are defined by Ohio law as the relationship
between a real estate licensee and the Answer-CORRECT ANSWER>> person the licensee
represents
What should a salesperson do if a buyer-client, who happens to be an Hispanic American,
instructs the agent to show him homes in areas where "other Hispanics" live? Answer-
CORRECT ANSWER>> ask the client to specify areas of interest
A property management account: Answer-CORRECT ANSWER>> Can earn interest
A couple is engaged to be married. Any real estate they own at the time the marriage
takes place remains that spouse's property in severalty, and property acquired after the
marriage belongs equally to both of them. This type of ownership is referred to as Answer-
CORRECT ANSWER>> community property
