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Hondros- Ohio Real Estate Principles and Practices Study Questions with Correct Answers

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  • Hondros Tests 2024
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  • Hondros Tests 2024

Hondros- Ohio Real Estate Principles and Practices Study Questions with Correct Answers When may a person use the term REALTOR? - ANSWER-after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER-- Possibility of owning your o...

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  • October 30, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Hondros Tests 2024
  • Hondros Tests 2024
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©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Hondros- Ohio Real Estate Principles and

Practices Study Questions with Correct

Answers


When may a person use the term REALTOR? - ANSWER✔✔-after becoming a member of the National

Association of Realtors


What are advantages to a career in real estate sales? - ANSWER✔✔-- Possibility of owning your own

brokerage with additional training , education, and experience


- potential for unlimited earnings


- setting your own hours


What is a disadvantage of a career in real estate sales? - ANSWER✔✔-Not a steady income


Most sales persons are hired as? - ANSWER✔✔-independent contractors


Which is an area of specialization within real estate sales? - ANSWER✔✔-Commercial and Industrial


The professional organization new licensees must join if their sponsoring broker is a member is the...... -

ANSWER✔✔-National Association of Realtors

Page 1/32

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




A real estate property manager - ANSWER✔✔-must be licensed


Under Ohio law, who of the following does not have to be licensed? - ANSWER✔✔-A. Foreign real estate

salespersons and brokers


B. Real Estate Auctioneers


C. Real Estate sales persons and brokers


D. The sheriff handling a foreclosure sale




Answer: D


Under Ohio's Real Estate License Law, who must be licensed to sell real estate? - ANSWER✔✔-A.

executor of a will who is selling land from an estate


B. lawyer performing the duties of a lawyer selling land on behalf of a deceased client


C. Personal director who is paid a referral fee for a transaction


D. Someone selling a mobile home that is not attached to real estate




Answer: C


Page 2/32

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FIRST PUBLISH OCTOBER 2024




When must an additional affiliate with a principal broker? - ANSWER✔✔-Before he submits his test

application


A person may begin practicing real estate as soon as he ? - ANSWER✔✔-Learns that his real estate

license was issued by the Ohio Division of Real Estate and Professional Licensing


Which statement regarding the Ohio Real Estate Commission is true? - ANSWER✔✔-A. It consists of 5

members appointed by the governor


B. It investigates written complaints against licensees


C. It is run by the superintendent who is appointed by the governor


D. It promotes a code of ethics




Answer: A


Which statement regarding the Ohio Division of Real Estate and Professional Licensing is true? -

ANSWER✔✔-A. it consists of 5 members appointed by the governor


B. it investigates written complaints against licensees


C. It is run by the superintendent who is appointed by the governor


D. It promotes a code of ethics

Page 3/32

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Answer: B


Ohio License law ...... - ANSWER✔✔-Protects the public from fraud, misrepresentation, and deceit


The commission does NOT? - ANSWER✔✔-A. Audit the brokers records


B. promote the cannon of ethics


C. publish a newsletter


D. suspend or revoke licenses




Answer: A


The Division of Real Estate and Professional Licensing does NOT issue ? - ANSWER✔✔-A. citations for

certain agency law violations


B. fines to licensees found guilty of a fair housing violation


C. real estate licenses


D. subpoenas




Page 4/32

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