Ohio property Study guides, Class notes & Summaries

PSI REAL ESTATE SALESPERSON EXAM 1 What is the period of time set for adverse possession in Ohio? Correct Answer: 21 years What type of lease establishes a rental payment and requires the lessor to pay for the taxes, insurance, and maintenance on the property? Correct Answer: Gross Who represents the commission at hearings? Correct Answer: The Ohio attorney general State laws differ whether a buyer is entitled to know about? Correct Answer: A suicide that occurred in the hous...

How much time is given to pass the Ohio salesperson exam? - correct answer3 hours How many hours of pre-licensing education do you need in Ohio? - correct answer120 hours How old do you have to be in Ohio to obtain a Real Estate License? - correct answer18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - correct answerAn agent Ownership of real property for an undetermined length of time is called: - correct answerA freeho...

Ohio Property and Casualty Insurance Exam | Questions and Answers | Updated 2023 Rated 100%. what happens if you get a cease and desist: you must stop business and have hearing 29. how much is fine if you dont listen to cease and desist: 10,000 30. work without a license, what is fine?: 25-500, prison up to 6 months 31. unauthorized company fine?: 25-500, 6 months jail 32. violate rules: 25-500, 1 year jail time 33. if you don't file proper insurance documents?: 100-500 dollar fine 34. ...

Hondros- Ohio Real Estate Principles and Practices Study Questions with Answers (Verified Answers) When may a person use the term REALTOR? What are advantages to a career in real estate sales? What is a disadvantage of a career in real estate sales? Most sales persons are hired as? Which is an area of specialization within real estate sales? The professional organization new licensees must join if their sponsoring broker is a member is the...... A real estate property manager Un...

What do individuals use to transfer their risk of loss to a larger group? CORRECT ANSWER Insurance What are the four elements of an insurance contract? CORRECT ANSWER Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? CORRECT ANSWER Insurer Insurance contracts are aleatory in nature. What does that mean? CORRECT ANSWER Unequal values are exchanged between the parties to a contract. ...

Ohio Property and Casualty Exam Questions & Answers 2023-24 What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...

Opota Ohio Peace Officer Basic Graded A+. List the Officer's Main Goals - Answer Keep the Peace Prevent Crime Up-hold the People's Rights Provide Services Considerations When Exercising Discretion - Answer Situation Background Consequences Severity Reason for Law Enforcement Training - Answer To Protect Life and Property of yourself and the public. What is the relationship between a SPO and a Test Question? - Answer A test question must respond directly to a SPO and every SPO may b...

Ohio Property and Casualty Exam with Complete Solutions

Ohio Property and Casualty Insurance Exam Questions and Answers Updated 2024 (Rated 100%) Financial Responsibility Law: drivers have proof that they have money to pay for accident where they are at fault 2. fraud: lie planned to trick others and make it leave other value 3. insolvency: you can't pay your claim 4. mine subsidence: damage to house (only) by cave in collapse of mine 5. negotiate: talk with prospective client of set type of insurance about their benefits 6. to negotiate you m...

Opota Ohio Peace Officer Basic Graded A+ . List the Officer's Main Goals - Answer Keep the Peace Prevent Crime Up-hold the People's Rights Provide Services Considerations When Exercising Discretion - Answer Situation Background Consequences Severity Reason for Law Enforcement Training - Answer To Protect Life and Property of yourself and the public. What is the relationship between a SPO and a Test Question? - Answer A test question must respond directly to a SPO and every SPO may ...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...