Hondros- Ohio Real Estate Principles and Practices Study Questions with 100% Correct Answers
4 views 0 purchase
Course
Hondros College- Real Estate
Institution
Hondros College- Real Estate
Hondros- Ohio Real Estate Principles
and Practices Study Questions with
100% Correct Answers
When may a person use the term REALTOR? - Answer️️ -after becoming
a member of the National Association of Realtors
What are advantages to a career in real estate sales? - Answer️️ --
Possibil...
Hondros College
Hondros- Ohio Real Estate Principles
and Practices Study Questions with
100% 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
A real estate property manager - Answer✔️✔️-must be licensed
Hondros College
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
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
Hondros College
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
Answer: B
Ohio License law ...... - Answer✔️✔️-Protects the public from fraud,
misrepresentation, and deceit
The commission does NOT? - Answer✔️✔️-A. Audit the brokers records
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
Answer: B
A real estate salesperson may..... - Answer✔️✔️-do most things a broker can
do
A real estate salesperson may not.... - Answer✔️✔️-- 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
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
