Ohio real estate law - Study guides, Class notes & Summaries

Real Estate Exam Questions and Answers 100% Pass A corporation is a legal entity (an artificial person); therefore, real estate owned by the corporation is owned in - Correct Answer ️️ -severalty A person who receives title to real property through a last will and testament is called a - Correct Answer ️️ -devisee Tom, Rick, and Harry own a house. When Rick dies, his heirs receive his share of the ownership interest. What type of co-ownership did Tom, Rick, and Harry have? - Corre...

Ohio Real Estate Exam Complete Questions and Answers(Latest Update 2024) 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 i...

Hondros- Ohio Real Estate Principles and Practices Study Questions Already Graded A When may a person use the term REALTOR? after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - 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? Not a steady income Most sales persons are...

©BRAINBARTER 2024/2025 GoldCoast Real Estate Exam Questions With Verified Answers. A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - answerCustom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following areas would the local government have the most impact? - answerProperty Taxes, Building Moratoriums, and zoning Real estate licensees are expected to...

every viewable web page of the website - correct answerWhen advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - correct answerHow many hours are needed for the following: a. Principles and practices b. real estate appraisal c. real estate finance d. real estate law e. post licensing course within 1 year of passing exam f. continuing education Automatically suspended - correct answerIf a real estate licensee fails to ...

Hondros Question and answers already pass 2023When may a person use the term REALTOR? - correct answer after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - correct 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? - correct answer Not a steady inco...

What is the primary purpose of most civil lawsuits? - ANSWER to compensate a person who has been harmed A person who commits a tort....... - ANSWER has violated the standards of reasonable conduct Unconstitutional law........... - ANSWER exceeds the powers granted to the government Which would be most likely to issue an ordinance? - ANSWER A. The Ashtabula county court B. the Dayton city council C. The Ohio Real Estate Commission D. The Ohio State Senate Answer: B What is the m...

1. A licensed sales associate may operate a. for any registered broker. b. for the broker registered as the sales associate's employer. c. independently if registered with the DBPR. d. as a broker associate. - Answer-b. for the broker registered as the sales associate's employer. 2. A sales associate applicant is NOT required to comply with which requirement? a. Submit an application fee b. Be 18 years of age or older c. Be a bona fide Florida resident d. Possess a Social Security num...

Real Estate Exam Questions and Answers 100% Pass A corporation is a legal entity (an artificial person); therefore, real estate owned by the corporation is owned in - Correct Answer ️️ -severalty A person who receives title to real property through a last will and testament is called a - Correct Answer ️️ -devisee Tom, Rick, and Harry own a house. When Rick dies, his heirs receive his share of the ownership interest. What type of co-ownership did Tom, Rick, and Harry have? - Corre...

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 Wh...