Ohio real estate exam - Study guides, Class notes & Summaries
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 / 2024 ACTUAL UPDATE ALL DONE SOLUTION
- Exam (elaborations) • 40 pages • 2023
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PSI REAL ESTATE SALESPERSON EXAM 1 
 
What is the period of time set for adverse possession in Ohio? 
Correct Answer: 
21 years 
 
What type of lease establishes a rental payment and requires the lessor to pay for the taxes, insurance, and maintenance on the property? 
Correct Answer: 
Gross 
 
Who represents the commission at hearings? 
Correct Answer: 
The Ohio attorney general 
 
State laws differ whether a buyer is entitled to know about? 
Correct Answer: 
A suicide that occurred in the hous...
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Ohio Real Estate Exam test bank Questions with answers 2023
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Ohio Real Estate Exam test bank Questions with answers 2023May 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 A...
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Ohio Real Estate Exam 2023 with 100% correct answers
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How much time is given to pass the Ohio salesperson exam? - correct answer3 hours 
 
How many hours of pre-licensing education do you need in Ohio? - correct answer120 hours 
 
How old do you have to be in Ohio to obtain a Real Estate License? - correct answer18 years old 
 
Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - correct answerAn agent 
 
Ownership of real property for an undetermined length of time is called: - correct answerA freeh...
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Ohio Real Estate Exam Questions & Answers
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Ohio Real Estate Exam Questions & Answers-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 ANSWER: agency 
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1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+
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1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+ 
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 ...
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Ohio Real Estate Exam Practice Questions With 100% Correct Answers,2024
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Ohio Real Estate Exam Practice Questions With 100% Correct Answers,2024
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Ohio Real Estate Exam Practice Questions & Answers 2023-24
- Exam (elaborations) • 21 pages • 2023
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Ohio Real Estate Exam Practice Questions & Answers 2023-24 
 
 
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 -...
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1 OHIO REAL ESTATE EXAM PRACTICE QUESTIONS REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+
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1 OHIO REAL ESTATE EXAM PRACTICE QUESTIONS REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ 
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 ...
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Ohio Real Estate Exam Complete Questions and Answers(Latest Update 2024)
- Exam (elaborations) • 38 pages • 2024
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Ohio Real Estate Exam Complete Questions and Answers(Latest Update 2024) 
 
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 i...
-
Ohio Real Estate Exam Complete Questions & Answers(Latest Update 2024)
- Exam (elaborations) • 38 pages • 2024
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Available in package deal
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- $12.99
- + learn more
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. 
 
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