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

Ohio Real Estate Exam Questions and Answers 100% Correct Which would a buyer prefer: Land installment contract or purchase money mortgage? 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 cont...

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 Question and answers rated A+ 2023

Ohio Real Estate Exam Practice Questions with Verified Solutions 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? 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 CORRECT AN...

Ohio Real Estate Exam Questions with complete solution 2023

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 ...

1 OHIO REAL ESTATE EXAM 2024/25 REVIEW QUESTIONS AND ANSWERS, GRADED A+ How much time is given to pass the Ohio salesperson exam? - -3 hours How many hours of pre-licensing education do you need in Ohio? - -120 hours How old do you have to be in Ohio to obtain a Real Estate License? - -18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - -An agent Ownership of real property for an undetermined length of time is called: - -A f...