Ohio real estate 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...

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...

Ohio Real Estate Exam test bank Questions with answers 2023May 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? 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 CORRECT A...

Ohio Real Estate Exam Questions & Answers-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? - 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 - CORRECT ANSWER: agency ...

Ohio Real Estate Exam Practice Questions With 100% Correct Answers,2024

Ohio Real Estate Exam Practice Questions & Answers 2023-24 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 -...

Ohio Real Estate Exam Questions With 100% Correct Answers.

Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER-purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment is made. A land installment contract transfers only equitable title. spot ...

1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Which would a buyer prefer: Land installment contract or purchase money mortgage? - -purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment is made. A ...