Ohio real estate state - Study guides, Class notes & Summaries
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1 OHIO REAL ESTATE (STATE-SPECIFIC CRAMMER) EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED/
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1 OHIO REAL ESTATE (STATE-SPECIFIC CRAMMER) EXAM 
REVIEW QUESTIONS AND ANSWERS/ VERIFIED/ 
Three items tenants in common hold - -1. Default 
2.Shares are equal or unequal 
3. No Survivorship 
Three items joint tenants hold - -1. Specify 
2.Equal 
3. Survivorship 
How much is in an acre? - -43.560 
How much does a point equal? - -One percent 
How much is in the recovery fund? - -500,000-2 million 
How do you show ownership of a condominium? - -Deed 
How do you show ownership of a co-op? - -L...
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OHIO NOTARY EXAM 2023 WITH WELL ANSWERED QUESTIONS TO PASS!
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LIST THE 4 POWERS OF A NOTARY 
ADMINISTER OATHS; TAKE & CERTIFY ACKNOWLEDGEMENTS; TAKE & CERTIFY DEPOSITIONS; & RECEIVE, MAKE & RECORD NOTARIAL PROTESTS 
 
 
 
WHAT IS THE TERM OF A NOTARY? 
5 YEARS 
 
 
 
WHERE DO NOTARIES GET SWORN IN & WHAT IS THE CLERK FEE? 
CLERK OF COURTS / $5.00 
 
 
 
STATUTE FOR PENALTY OF NOTARY ACT AFTER EXPIRED COMMISSION 
147.10 Notary public acting after commission expires. 
No notary public shall do or perform any act as a notary public knowing that the notary pub...
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Hondros- Ohio Real Estate Principles and Practices Study Questions with complete solution 2023
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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...
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Ohio real estate (state-specific crammer)correct 100%
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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 ...
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Ohio real estate (state-specific crammer)Accurate 100%
- Exam (elaborations) • 10 pages • 2024
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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...
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Real Estate State Exam for Ohio Questions & Answers 2023-24
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Real Estate State Exam for Ohio Questions & Answers 2023-24 
 
 
Fiscal Policy - ANSWER-Treasury Department 
 
Monetary Policy - ANSWER-Federal Reserve Bond 
 
Truth In Lending Act - ANSWER-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) - ANSWER-The relationship between the cost of borrowing money and the total amount financed, represented by a perc...
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Ohio Real Estate (State-Specific Crammer) Questions and Answers 100% Correct
- Exam (elaborations) • 10 pages • 2023
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Ohio Real Estate (State-Specific Crammer) Questions and Answers 100% CorrectOhio Real Estate (State-Specific Crammer) Questions and Answers 100% CorrectOhio Real Estate (State-Specific Crammer) Questions and Answers 100% CorrectOhio Real Estate (State-Specific Crammer) Questions and Answers 100% Correct 
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 
 
H...
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National Real Estate Exam Portion for Ohio Latest Update Graded A+
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National Real Estate Exam Portion for 
Ohio Latest Update Graded A+ 
Tenancy at Will No written agreement, and can be terminated at any time by landlord or 
tenant 
Tenancy at sufferance Tenant is allowed to live on property after lease is over but before 
they are forced off the property 
Tenants in common Ownership where tenants could have different amounts of ownership. If 
passed away heir will take over the undivided ownership (no survivorship) 
Joint Tenants 2 or more people own equal righ...
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TAX4001 Laursen Fall2021 Exam II STUDY GUIDE 2024
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Individual Income Tax Formula - Gross income 
(-) Deductions for AGI 
= AGI 
(-) 1) Deductions from AGI (greater of itemized or standard deduction) and 2) The deduction for QBI 
= Taxable Income 
x Tax rate 
= Gross tax liability 
(-) Tax credits and prepayments 
= Tax due or refund 
 
Gross Income (section 61) - all income from whatever source derived, whether money, property, or services 
 
Taxpayers recongize income when: - 1) receiving economic benefit 
2) realizing income 
3) there is n...
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Hondros- Ohio Real Estate Principles and Practices Study Questions with Complete Solutions (100% Accurate)
- Exam (elaborations) • 15 pages • 2024
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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 specializa...
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