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

Hondros NEWEST 2024 TEST QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ An arbitration agreement would MOST LIKELY be unenforceable for a dispute over the - Answer -title to real estate. Broker Steven was so eager to make a sale that he intentionally doctored the seller's disclosure form before presenting it to the buyer. After the transaction, the buyer sued Steven in civil court. He was found guilty of actual fraud and ordered to pay for t...

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...

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...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

Ohio Notary Test/Richland County Certification Exam || With Complete Solutions (100% Verified) Ohio Notary Test/Richland County Certification Exam || With Complete Solutions (100% Verified) acceptor - ANSWER - in the case of a check, who if they accept it, the bank acknowledgment - ANSWER - notarial act in which a notary certifies having positively identified a document signer who personally appeared before the notary and admitted having signed the document freely; required on deeds, mort...

Hondros- Ohio Real Estate Principles and Practices Study Questions with complete solution 2023 When 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...

Real Estate Business Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. **How can a agent maintain good standing with clients? (After title closing)** **Follow Up. This will result in ...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...