These Ohio real estate exam questions and explanations are the top concepts to prepare for when you study.
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Make sure you know what the exam covers. Here's what you should expect to see on the Ohio real estate exam:
The national portion of the exam consists of 80 questions, which you will be given 120 minutes (2 hours) to complete. You can expect to be tested on the following topics in this section:
1. Property Ownership
2. Land Use Controls and Regulations
3. Valuation and Market Analysis
4. Financing
5. General Principles of Agency
6. Property Condition and Disclosures
7. Contracts
8. Transfer of Title
9. Practice of Real Estate
10. Real Estate Calculations
11. Subdivisions
12. Commercial, Industrial, and Income Properties
The state-specific portion of the exam consists of 40 questions, which you will be given 60 minutes (1 hour) to complete. You can expect to be tested on the following topics in this section:
1. State Governance of the Real Estate Profession
2. Licensing Requirements
3. License Law and Rules of the Ohio Real Estate Commission
4. Brokerage Relationships
Chapters
00:37 - Difference between purchase price and loan amount
01:12 - How much interest do the Keegans pay?
02:53 - Ohio REALTOR Association has what authority?
03:36 - Feature of a leasehold estate is?
04:31 - OREC has which of these duties?
05:24 - Which is true?
06:50 - How long until licensees must provide signed agreements?
07:25 - The bundle of rights refers to...
08:20 - Which is false?
09:18 - Which is an Ohio state telemarketing law?
09:55 - In an exclusive agency...
10:41 - Who has lien rights?
11:27 - Which scenario does an offer stay intact?
12:10 - Which is included in Ohio Canon of Ethics?
13:07 - What happens when a big employer moves to a new city?
15:25 - If a commercial market is undersupplied...
15:19 - How does the income capitalization approach work?
16:27 - What is the property value when using income capitalization?
17:15 - When is a wraparound mortgage loan a good thing?
18:27 - Surprising closing costs were mitigated by which law?
19:24 - How many members are in the Ohio Real Estate Commission?
20:00 - Instructions for earnest money disbursement are provided...
20:37 - Federal Fair Housing exemption is not recognized in Ohio?
21:56 - Ohio Fair Housing laws...
22:48 - Which of the following statements is false?
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