Ohio Real Estate Salesperson Practice Test

Answer choices

1. A. Stop documenting screening decisions so the different standards are harder to compare.
2. B. Refuse the instruction and apply lawful screening standards consistently.
3. C. Follow the owner's instruction because property managers owe absolute obedience.
4. D. Use the stricter standard only when children are under six.

Wrong-answer review

• A. Stop documenting screening decisions so the different standards are harder to compare.: Incorrect. Avoiding records does not make discriminatory screening lawful.
• C. Follow the owner's instruction because property managers owe absolute obedience.: Incorrect. Client instructions must be lawful.
• D. Use the stricter standard only when children are under six.: Incorrect. Familial-status protection is not limited to children under six.

Answer choices

1. A. $960,000.
2. B. $1,200,000.
3. C. $12,000,000.
4. D. $768,000.

Answer choices

1. A. The agreement is required only if the lease term exceeds five years.
2. B. A written agreement is required only after the landlord accepts the tenant's offer.
3. C. No written agency agreement is ever required in an Ohio residential lease transaction.
4. D. A written agency agreement is required before the licensee makes the offer to lease because the residential term exceeds eighteen months.

Answer choices

1. A. To place the instrument in the public records and provide the notice and priority effects established by recording law.
2. B. To guarantee that no prior title defect can exist.
3. C. To convert the deed into a mortgage.
4. D. To create the purchase contract for the first time.

Answer choices

1. A. Use a separate property-management trust account designated for the property-management fiduciary funds.
2. B. Deposit all rents and security deposits into the brokerage's general operating account until month-end.
3. C. Have each salesperson hold the funds in a personal account until the owner requests a disbursement.
4. D. Use the sales-transaction trust account exclusively, because Ohio prohibits a separate property-management account.

Answer choices

1. A. Taylor may negotiate the purchase if the parties sign a waiver stating that Taylor is unlicensed.
2. B. Taylor may negotiate one transaction before licensure if the fee is paid after closing.
3. C. Taylor may act as a salesperson immediately after completing prelicensing education, even before licensure.
4. D. Taylor must wait until properly licensed before performing or advertising licensed services.

Answer choices

1. A. Keep it indefinitely until both parties sign a second agreement after closing.
2. B. Automatically pay the entire amount to the listing salesperson as additional commission.
3. C. Disburse it to the closing or escrow agent, or otherwise as the purchase agreement directs.
4. D. Return it to the buyer regardless of the purchase agreement because closing terminates escrow instructions.

Answer choices

1. A. The applicant must be at least eighteen years old and, if subject to the statute's education provision, have a high-school diploma or recognized equivalent.
2. B. The applicant must be at least twenty-one years old and hold a four-year college degree.
3. C. The applicant must be at least nineteen years old and have two years of full-time brokerage experience.
4. D. The applicant must have completed broker-level experience before taking any salesperson prelicensing courses.

Answer choices

1. A. The offer is irrevocable until Friday merely because the deadline is written in the offer.
2. B. The seller automatically owns the buyer's earnest money once revocation is communicated.
3. C. The buyer may generally revoke the offer before acceptance because the promise to keep it open was not supported by separate consideration.
4. D. The revocation is ineffective unless a court first approves it.

Answer choices

1. A. Remove the brokerage name entirely because only the salesperson is providing the service.
2. B. Keep the design unchanged as long as the brokerage phone number appears elsewhere.
3. C. Display the brokerage name at least as prominently as the salesperson's name.
4. D. Replace the salesperson's name with only a team nickname that is not registered with the Division.