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

1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. VERIFIED/ What type of land use does NOT comply with the zoning restriction for its location, but is permitted because it benefits the public? - -Conditional Use Conditional uses (hospitals, schools, etc.) usually do not comply with zoning limitations. loan amount - -The amount the lender is risking is the loan amount, which is: Purchase Price - Down Payment = Loan Amount. What is NOT a feature of an FHA-insured loan?...

1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ The difference between what a borrower has to pay to purchase a property and the amount a lender will lend on the property is the - -buyer's down payment What specific authority does the Ohio Realtor Association have over real estate licensees? - -A. Handling complaints against the licensees for regulation violations B. Determining licensure requirements C. Approving advertising for the sale or lease of real property D....

Ohio Real Estate Exam Questions and Answers (Graded A) Ohio Real Estate Exam Questions and Answers (Graded A) Ohio Real Estate Exam Questions and Answers (Graded A) Ohio Real Estate Exam Questions and Answers (Graded A) 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; rath...

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Ohio Real Estate Exam Practice QuestMay a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - ANSWER CORRECT ANSWER: agen...

May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - ANSWER CORRECT ANSWER: agency According to the Statute of Fr...

Ohio Real Estate Exam Prep Questions + Answers |UPDATED| May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? *Ans* CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive *A...

1 REAL ESTATE STATE EXAM FOR OHIO REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ Fiscal Policy - -Treasury Department Monetary Policy - -Federal Reserve Bond Truth In Lending Act - -To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - -The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Us...

Which would a buyer prefer: Land installment contract or purchase money mortgage? - correct answerpurchase 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 is made. A land installment contract transfers only equitable title. ...

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