Ohio real estate - Study guides, Class notes & Summaries

Three items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is in the recovery fund? - ANSWER 500,000-2 million How do you show ownership of a condominium? - ANSWER Deed How do you show ownership of a co-op? - ANSWER Lease/stock What are key words to lo...

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 hired as? - independent contractors Which is an area of specialization ...

a competitive market analysis is __________________ the equivalent of an appraisal - Never A candy maker has a 5- year lease and installs a marble counter to roll candy on. When the lease is up, the candy maker may - Remove the counter because it is a trade fixture A license can be suspended or revoked for.... - Representing more than one party in a transaction, with the consent of only one of the parties A buydown means the - lender charged extra points to lower the interest rate A buyer ...

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...

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 is made. A land installment contract transfers only equitable title. spot ...

Ohio Real Estate/ Law 2023-2024 Latest UpdateOhio Real Estate/ Law 2023-2024 Latest UpdateOhio Real Estate/ Law 2023-2024 Latest UpdateOhio Real Estate/ Law 2023-2024 Latest Update Case Law - ANSWER-Rules of law developed in court decisions, as opposed to constitutional law, statutory law, or administrative regulations. or common law Civil Litigation - ANSWER-A lawsuit in which one individual sues another for compensation. Criminal Litigation - ANSWER-A lawsuit in which the government su...

Hondros- Ohio Real Estate Principles and Practices Study Questions and 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 stea...

Ohio real estate (state-specific crammer)correct 100% Three items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is in the recovery fund? - ANSWER 500,000-2 million How do you show ownership of a condominium? - ANSWER Deed How do you show ownership of ...

1 OHIO REAL ESTATE TEST QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ old car - -obedience loyalty disclosure confidentiality accounting reasonable care how do people typically hold title when married? - -tenancy the entirety how long can you be supervised after anti trust stuff? - -10 yrs whats the easement when someone needs access to road or is otherwise landlocked - -easement by necessity when a trust wants to sell its property- who is the legal title holder? - -the trustee ...