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Ohio Real Estate Exam Prep Missed Questions With 100% Correct And Verified Answers 2024
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Ohio Real Estate Exam Prep Missed Questions With 100% Correct And Verified Answers 2024
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Ohio Real Estate Exam Prep MissedQuestions With 100% Correct And Verified
Answers
A map of a subdivision that is recorded at the
county clerk's office is called a - Correct
Answer-recorded subdivision plat
Which can the operation of law NOT create? -
Correct Answer-joint tenancy
Plants and trees cultivated for harvest best
describes - Correct Answer-fructus
industriales
What lien attaches to a property to prevent
the transfer of title when there is a pending
lawsuit that may affect the title? - Correct
Answer-attachment
Building codes can be enforced by - Correct
Answer-the issuance of permits
A landowner needs water. His land has no
access to a water source. However, the
landowner is granted the right to use water
from a nearby river, to irrigate his land. What
right grants this permission? - Correct
Answer-appropriative rights
Vendarsol
,Assemblage can best be defined as - Correct
Answer-the joining of several parcels of land
Which term is the process of joining several
parcels of land into one larger parcel? -
Correct Answer-assemblage
Discounts or "points" on mortgages are -
Correct Answer-a charge by the lender to
increase the yield on money invested
The Smiths are purchasing a completely
furnished cottage on a lake. They have
obtained a deed of trust loan to cover the
price of the property, including all
furnishings and appliances. This type of
financing is called a(n) - Correct Answer-
package deed of trust
After listing a property that the agent
believes is overpriced, the agent returns to
the office and vents his frustration to a fellow
licensee at the brokerage. Which duty has the
agent breached? - Correct Answer-loyalty
When does an agent working for the seller
have a fiduciary duty to the buyer? - Correct
Answer-when the agent is legally acting as a
dual agent
Vendarsol
, The listing agent is informed by the seller
that the basement gets wet when it rains. The
agent says nothing to the buyer. Who is liable
for the failure to disclose the latent defect? -
Correct Answer-seller
An elderly man in a nursing home dies
intestate. Who will now distribute his estate
according to the laws of intestate succession?
- Correct Answer-administrator
Which would be considered exempt under the
Civil Rights Act of 1866? - Correct Answer-
there are no exemptions
Complaints based on Title VIII should be filed
with the - Correct Answer-Office of Equal
Opportunity
How is the Superintendent of the Division of
Real Estate of the Ohio Department of
Commerce selected? - Correct Answer-the
Commission makes a recommendation and
the Director of Commerce appoints the
Superintendent
What would a licensee NOT be permitted to
do? - Correct Answer-extend a listing
Vendarsol
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