Hondros- Ohio Real Estate Principles And Practices
Hondros- Ohio Real Estate Principles and Practices
Exam (elaborations)
Hondros- Ohio Real Estate Principles and Practices Study Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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Course
Hondros- Ohio Real Estate Principles and Practices
Institution
Hondros- Ohio Real Estate Principles And Practices
a competitive market analysis is __________________ the equivalent of an appraisal - Never
A candy maker has a 5- year lease and installs a marble counter to roll candy on. When the lease is up,
the candy maker may - Remove the counter because it is a trade fixture
A license can be suspended or ...
Hondros- Ohio Real Estate Principles
and Practices Study Questions
a competitive market analysis is __________________ the equivalent of an appraisal - Never
A candy maker has a 5- year lease and installs a marble counter to roll candy on. When the lease is up,
the candy maker may - Remove the counter because it is a trade fixture
A license can be suspended or revoked for.... - Representing more than one party in a transaction,
with the consent of only one of the parties
A buydown means the - lender charged extra points to lower the interest rate
A buyer and seller can not agree on whether a particular item should be included in the sale of the
house. What consideration will the court weigh most heavily? - the intention of the annexer and
the purpose of the annexation
A buyer's agent must give a Consumer Guide to Agency Relationships to the buyer when? - at the
open house, if the buyer wants to write an offer on the home
A buyer's agent must give an agency disclosure statement to a buyer when? - before the buyers
offer is written
A complaint procedure may not result in? - A. an appeal to common pleas court
B. a formal hearing
C. the investigation proceedings becoming a matter of public record
D. a license suspension or revocation and a fine of up to $ 2,500 per violation
Answer: C
,A conforming loan is one that follows the - criteria established by the national secondary market
A counteroffer represents a - Change
a debtor has an equitable right of redemption until which event ? - confirmation of sale issued
A deed is - evidence of title, if any
A discount point costs 1% of - the loan amount
A fee simple absolute estate is NOT? - A. conditional
B. inheritable
C. perpetual
D. transferable
Answer: A
A fully amortized loan means that the loan will be paid off in - monthly installments that pay off
the entire balance during the loan
A grantor acknowledges a deed before a - notary public
a net to seller is a (n) - estimate of the amount of money a seller will receive from a transaction
A novation is a - new contract
A person may begin practicing real estate as soon as he ? - Learns that his real estate license was
issued by the Ohio Division of Real Estate and Professional Licensing
, A property manager is usually considered - General Agent
A real estate property manager - must be licensed
A real estate salesperson may not.... - - deposit earnest money into a personal checking account
as long as it does not pay interest
- sponsor salespeople to work for him
- prepare a deed
A real estate salesperson may..... - do most things a broker can do
A salesperson who is NOT an agent of the buyer is responsible for telling the buyer .......... - All
known latent defects in the property, whether or not the buyer asks about them
A seller's agent must give a Consumer Guide to Agency Relationships to a seller when? - prior to
showing a buyer the property
Aaron is showing a house to the Joneses and they ask hi about the school district. Aaron should tell them
- to talk to the superintendent of the school district
ABC Corporation wants to sell some of its land. The broker needs to - Get a corporate resolution
authorizing the land to be sold and appointing him as broker in order to sell the land
After producing indications of value using the three approaches, how does the appraiser present these
figures as a final opinion of value ? - The three figures are reconciled, giving each an appropriate
weight depending on the type of appraisal and its goals
Agency coupled with an interest should be terminated by - mutual agreement
Agency may NOT be terminated by - action by NAR if either party is a member
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