Real Estate Law Exam Questions With Correct Answers
// // // // // // // //
What //is //the //primary //purpose //of //most //civil //lawsuits? //- //CORRECT //ANSWERS(S)✔✔to
//compensate //a //person //who //has //been //harmed
A //person //who //commits //a //tort....... //- //CORRECT //ANSWERS(S)✔✔has //violated //the //standards
//of //reasonable //conduct
Unconstitutional //law........... //- //CORRECT //ANSWERS(S)✔✔exceeds //the //powers //granted //to
//the //government
Which //would //be //most //likely //to //issue //an //ordinance? //- //CORRECT //ANSWERS(S)✔✔A. //The
//Ashtabula //county //court
B. //the //Dayton //city //council
C. //The //Ohio //Real //Estate //Commission
D. //The //Ohio //State //Senate
Answer: //B
What //is //the //main //purpose //of //the //doctrine //of //Stare //Decises //? //- //CORRECT
ANSWERS(S)✔✔to //make //court //decisions //more //consistent //and //predictable
//
What //can //limit //a //courts //jurisdiction? //- //CORRECT //ANSWERS(S)✔✔- //amount //of //money //at
//issue //in //a //case
- //geographical //boundaries
- //subject //matter //of //the //case
,Alice //sued //Betty //for //breach //of //contract, //claiming //$175,000 //in //damages. //Which //kind //of
state //court //did //Alice //file //suit //in? //- //CORRECT //ANSWERS(S)✔✔Court //of //Common //Pleas
//
An //example //of //a //person //who //does //not //need //a //real //estate //license //is....... //- //CORRECT
//ANSWERS(S)✔✔a //salaried //employee //of //ABC //Corporation //when //selling //the //company's
//own //property
The //Ohio //real //estate //commission //is //part //of //what? //- //CORRECT //ANSWERS(S)✔✔the
//Department //of //Commerce
Which //authority //revokes //licenses? //- //CORRECT //ANSWERS(S)✔✔The //real //estate
//commission
An //example //of //what //a //real //estate //licensee //is //NOT //allowed //to //do...... //- //CORRECT
ANSWERS(S)✔✔- //draft //deeds //for //sellers
//
-keep //the //earnest //money //if //the //deed //falls //through
-use //an //open-ended //expiration //date //on //an //open //listing //agreement
A //real //estate //licensee //is //allowed //to...... //- //CORRECT //ANSWERS(S)✔✔offer //real //estate //to
//the //market //only //on //the //terms //allowed //by //the //seller
a //sales //associate //can //- //CORRECT //ANSWERS(S)✔✔personally //buy //a //listing //only //after
//disclosure //to //the //seller //that //the //sales //associate //is //a //principal
what //must //all //brokers //have //? //- //CORRECT //ANSWERS(S)✔✔a //place //of //business //to //operate
//as //brokers
, A //real //estate //licensee //can //begin //the //practice //of //real //estate //when? //- //CORRECT
ANSWERS(S)✔✔the //license //has //been //issued //by //the //Division //of //Real //Estate
//
In //order //to //use //the //real //estate //recovery //fund, //one //must //be... //- //CORRECT
ANSWERS(S)✔✔damaged //by //a //licensee //in //a //real //estate //transaction
//
Continuing //education //for //active //licensees //under //the //age //of //70 //requires //students //to //take
- CORRECT //ANSWERS(S)✔✔3 //hours //of //core //law, //3 //hours //of //civil //rights //law, //and //3
// //
//hours //of //ethics //as //part //of //the //30 //hour //requirement
Who //may //bring //a //complaint //to //the //superintendent? //- //CORRECT //ANSWERS(S)✔✔Anyone
//is //allowed
What //is //the //purpose //of //the //license //law? //- //CORRECT //ANSWERS(S)✔✔protect //the //public
//against //fraudulent //practice
A //broker //can //buy //property //in //his //own //name //only //if //- //CORRECT //ANSWERS(S)✔✔he
//discloses //his //license
A //real //estate //agent //is //usually //considered //a... //- //CORRECT //ANSWERS(S)✔✔general //agent
an //apparent //agent //is //one //who..... //- //CORRECT //ANSWERS(S)✔✔appears //to //be //the //agent
//of //another, //but //does //not //have //actual //authority
A //real //estate //agency //agreement //must //have //what? //- //CORRECT //ANSWERS(S)✔✔an
//expiration //date
// // // // // // // //
What //is //the //primary //purpose //of //most //civil //lawsuits? //- //CORRECT //ANSWERS(S)✔✔to
//compensate //a //person //who //has //been //harmed
A //person //who //commits //a //tort....... //- //CORRECT //ANSWERS(S)✔✔has //violated //the //standards
//of //reasonable //conduct
Unconstitutional //law........... //- //CORRECT //ANSWERS(S)✔✔exceeds //the //powers //granted //to
//the //government
Which //would //be //most //likely //to //issue //an //ordinance? //- //CORRECT //ANSWERS(S)✔✔A. //The
//Ashtabula //county //court
B. //the //Dayton //city //council
C. //The //Ohio //Real //Estate //Commission
D. //The //Ohio //State //Senate
Answer: //B
What //is //the //main //purpose //of //the //doctrine //of //Stare //Decises //? //- //CORRECT
ANSWERS(S)✔✔to //make //court //decisions //more //consistent //and //predictable
//
What //can //limit //a //courts //jurisdiction? //- //CORRECT //ANSWERS(S)✔✔- //amount //of //money //at
//issue //in //a //case
- //geographical //boundaries
- //subject //matter //of //the //case
,Alice //sued //Betty //for //breach //of //contract, //claiming //$175,000 //in //damages. //Which //kind //of
state //court //did //Alice //file //suit //in? //- //CORRECT //ANSWERS(S)✔✔Court //of //Common //Pleas
//
An //example //of //a //person //who //does //not //need //a //real //estate //license //is....... //- //CORRECT
//ANSWERS(S)✔✔a //salaried //employee //of //ABC //Corporation //when //selling //the //company's
//own //property
The //Ohio //real //estate //commission //is //part //of //what? //- //CORRECT //ANSWERS(S)✔✔the
//Department //of //Commerce
Which //authority //revokes //licenses? //- //CORRECT //ANSWERS(S)✔✔The //real //estate
//commission
An //example //of //what //a //real //estate //licensee //is //NOT //allowed //to //do...... //- //CORRECT
ANSWERS(S)✔✔- //draft //deeds //for //sellers
//
-keep //the //earnest //money //if //the //deed //falls //through
-use //an //open-ended //expiration //date //on //an //open //listing //agreement
A //real //estate //licensee //is //allowed //to...... //- //CORRECT //ANSWERS(S)✔✔offer //real //estate //to
//the //market //only //on //the //terms //allowed //by //the //seller
a //sales //associate //can //- //CORRECT //ANSWERS(S)✔✔personally //buy //a //listing //only //after
//disclosure //to //the //seller //that //the //sales //associate //is //a //principal
what //must //all //brokers //have //? //- //CORRECT //ANSWERS(S)✔✔a //place //of //business //to //operate
//as //brokers
, A //real //estate //licensee //can //begin //the //practice //of //real //estate //when? //- //CORRECT
ANSWERS(S)✔✔the //license //has //been //issued //by //the //Division //of //Real //Estate
//
In //order //to //use //the //real //estate //recovery //fund, //one //must //be... //- //CORRECT
ANSWERS(S)✔✔damaged //by //a //licensee //in //a //real //estate //transaction
//
Continuing //education //for //active //licensees //under //the //age //of //70 //requires //students //to //take
- CORRECT //ANSWERS(S)✔✔3 //hours //of //core //law, //3 //hours //of //civil //rights //law, //and //3
// //
//hours //of //ethics //as //part //of //the //30 //hour //requirement
Who //may //bring //a //complaint //to //the //superintendent? //- //CORRECT //ANSWERS(S)✔✔Anyone
//is //allowed
What //is //the //purpose //of //the //license //law? //- //CORRECT //ANSWERS(S)✔✔protect //the //public
//against //fraudulent //practice
A //broker //can //buy //property //in //his //own //name //only //if //- //CORRECT //ANSWERS(S)✔✔he
//discloses //his //license
A //real //estate //agent //is //usually //considered //a... //- //CORRECT //ANSWERS(S)✔✔general //agent
an //apparent //agent //is //one //who..... //- //CORRECT //ANSWERS(S)✔✔appears //to //be //the //agent
//of //another, //but //does //not //have //actual //authority
A //real //estate //agency //agreement //must //have //what? //- //CORRECT //ANSWERS(S)✔✔an
//expiration //date
