Question: A real estate agent is preparing to list a property. The seller mentions they want to exclude certain buyers based on their nationality. Which of the following responses BEST fulfills the agent’s statutory duties?
Answer Options:
A. Agree to the seller’s request, but avoid documenting it in writing.
B. Explain that such instructions violate fair housing laws and cannot be followed.
C. Follow the seller’s wishes, because the agent’s primary duty is loyalty to the client.
D. Suggest using indirect methods to discourage those buyers without explicitly refusing them.
Answer: B. Explain that such instructions violate fair housing laws and cannot be followed. 16.
Question: Buyer Becky meets licensee Morgan, who’s attending an open house with one of his buyer clients. Becky tells Morgan she’s unhappy with her current buyer’s agent and would like Morgan to represent her instead. What is Morgan’s ethical obligation?
Answer Options:
A. Morgan can represent Becky immediately if she signs a termination agreement with her current agent.
B. Morgan can represent Becky immediately because she initiated the conversation.
C. Morgan must decline to discuss representation until Becky’s current agreement expires.
D. Morgan should contact Becky’s broker to verify the agreement details before proceeding.
Answer: C. Morgan must decline to discuss representation until Becky’s current agreement expires. 17.
Question: Which of the following activities is permissible for a real estate licensee?
Answer Options:
A. Assuring a buyer that the local zoning ordinances will allow the property use they need
B. Drafting a custom land contract for a client who wants owner financing
C. Explaining to a client why a particular easement on their property is unenforceable
D. Filling in the blanks on a standardized purchase agreement form
Answer: D. Filling in the blanks on a standardized purchase agreement form 18.
Question: A real estate broker is establishing a new brokerage in Ohio. Each of the following elements is required to be included in the brokerage’s written company policy on agency relationships EXCEPT for which?
Answer Options:
A. Procedures for appointing licensees to represent clients
B. Procedures for protecting confidential information
C. The commission split between the brokerage and its licensees
D. Whether dual agency is permitted within the brokerage
Answer: C. The commission split between the brokerage and its licensees 19.
Question: A licensee at Fountain Realty in Toledo negotiates a listing agreement with a seller. A buyer’s agent from a different brokerage shows the house, and the buyer makes an offer. The seller agrees to pay commission to the listing broker and the buyer’s broker. Which type of agency relationship exists between the seller and the buyer’s broker?
Answer Options:
A. Buyer agency
B. Dual agency
C. Subagency
D. No agency relationship
Answer: D. No agency relationship 20.
Question: Real estate broker Keith has been reported to the Ohio Real Estate Commission for potentially practicing law without a license after drafting a custom contract clause for a client. Because his license is regulated by the Commission, Keith believes that only the Commission can determine whether his actions constitute the unauthorized practice of law. Is Keith correct?
Answer Options:
A. No, this determination is made jointly by the Commission and the local bar association.
B. No, only the Ohio Supreme Court can determine whether someone has engaged in the unauthorized practice of law.
C. Yes, but only if the activities were directly related to a real estate transaction.
D. Yes, the Real Estate Commission has exclusive jurisdiction over all real estate licensee activities.
Answer: B. No, only the Ohio Supreme Court can determine whether someone has engaged in the unauthorized practice of law. 21.
Question: Driscoll is a nonresident who has obtained an Ohio real estate license. A client in Ohio is considering taking legal action against him for a transaction issue. What legal provision ensures that the client can pursue this action even though Driscoll lives out of state?
Answer Options:
A. The client must file the lawsuit in Driscoll’s state of residence.
B. Driscoll must appear in person for any legal proceedings in Ohio.
C. Driscoll must have filed an irrevocable consent to service of process.
D. Driscoll must maintain an attorney in Ohio.
Answer: C. Driscoll must have filed an irrevocable consent to service of process. 22.
Question: Aisha is an unlicensed employee at a real estate brokerage. Which of the following tasks is she legally allowed to perform?
Answer Options:
A. Answer questions about property features or pricing.
B. Discuss or negotiate contracts or offers.
C. Host open houses or property showings.
D. Schedule appointments for licensees.
Answer: D. Schedule appointments for licensees. 23.
Question: Each of the following transactions requires the presentation of an Agency Disclosure Statement EXCEPT for which?
Answer Options:
A. The sale of a single-family residential property
B. The sale of vacant land for future development
C. A one-year residential lease agreement
D. The sale of a four-unit apartment building
Answer: C. A one-year residential lease agreement 24.
Question: Broker Marcus is opening a branch office across town from his main office. Which of the following is NOT required to be displayed at the new branch office, according to Ohio regulations?
Answer Options:
A. A duplicate of Marcus’s broker’s license
B. A fair housing statement
C. The licenses of all affiliated salespersons who work at the branch office
D. A sign indicating that it’s a real estate brokerage
Answer: C. The licenses of all affiliated salespersons who work at the branch office 25.
Question: Broker Marcus is opening a branch office across town from his main office. Which of the following is NOT required to be displayed at the new branch office, according to Ohio regulations?
Answer Options:
A. A duplicate of Marcus’s broker’s license
B. A fair housing statement
C. The licenses of all affiliated salespersons who work at the branch office
D. A sign indicating that it’s a real estate brokerage
Answer: C. The licenses of all affiliated salespersons who work at the branch office 26.
Question: A real estate broker is terminating their sponsorship of an affiliated broker’s license (not a salesperson’s). What must the termination notice state about the status of the terminated licensee’s license?
Answer Options:
A. The license will be placed in inactive status.
B. The license will be placed on deposit.
C. The license will be suspended.
D. The license will be revoked.
Answer: B. The license will be placed on deposit. 27.
Question: Which of the following is a requirement for someone who has held a substantially similar out-of-state real estate license for at least one year and wants to obtain an Ohio license?
Answer Options:
A. They must complete the Ohio prelicensing education.
B. They must complete an Ohio real estate internship.
C. They must obtain a letter of recommendation from their current broker.
D. They must pass the Ohio-specific portion of the state license examination.
Answer: D. They must pass the Ohio-specific portion of the state license examination. 28.
Question: Ohio resident Sophia owns a vacation condo in Florida. The resort developer offers to pay her $750 if she refers friends who purchase units in the same development. Under what circumstances would this arrangement be legal under Ohio law?
Answer Options:
A. As long as she doesn’t receive more than $1,000 in a 12-month period
B. Only if she has an active real estate license in Florida
C. Only if she has an active real estate license in Ohio
D. Under no circumstances
Answer: A. As long as she doesn’t receive more than $1,000 in a 12-month period Screenshot set 1: Questions 1–33 29.