Question: According to the Ohio Administrative Code, what is the BEST definition of real estate advertising?
Answer Options:
A. Any communication between a licensee and a client regarding available properties
B. Any communication that promotes a specific property for sale or lease
C. Any method used to publicize real property or real estate services
D. Any paid promotion in newspapers, magazines, radio, or television
Answer: C. Any method used to publicize real property or real estate services 58.
Question: Under Ohio law, which of the following duties survive the termination of an agency relationship, unless otherwise agreed in writing?
Answer Options:
A. Accounting and obedience
B. Confidentiality and accounting
C. Disclosure and reasonable skill and care
D. Loyalty and confidentiality
Answer: B. Confidentiality and accounting 59.
Question: In a dual agency situation, manager Kim supervises licensee Lee, who represents a seller, and licensee Park, who represents a buyer in an in-house transaction. During negotiations, Lee asks Kim for advice on how to respond to a low offer. What is the most appropriate action for Kim?
Answer Options:
A. Advise Lee to reject the offer and wait for a better one.
B. Provide objective market data, and discuss possible options without advocating.
C. Suggest a specific counteroffer amount based on market analysis.
D. Tell Lee to accept the offer, because the property has been listed for a while.
Answer: B. Provide objective market data, and discuss possible options without advocating. 60.
Question: A real estate agent has a client who is selling their home and purchasing another with the proceeds. The client asks their agent about potential tax implications and whether they qualify for capital gains exclusions. The agent has taken several continuing education courses on real estate taxation. What should the agent do?
Answer Options:
A. Advise the client to consult with a tax professional regarding their specific situation.
B. Calculate the potential tax liability for the client as a courtesy service.
C. Provide detailed tax advice based on the agent’s continuing education knowledge.
D. Tell the client they definitely qualify for the capital gains exclusion.
Answer: A. Advise the client to consult with a tax professional regarding their specific situation. 61.
Question: The Ohio Canons of Ethics for the Real Estate Industry are:
Answer Options:
A. codified in the rules of the Ohio Real Estate Commission.
B. merely suggestions with no legal enforcement mechanism.
C. not codified in statutes but can be enforced through administrative discipline.
D. only applicable to members of the National Association of REALTORS®.
Answer: C. not codified in statutes but can be enforced through administrative discipline. Screenshot set 2: Questions 34–64 62.
Question: Lorenzo is a newly licensed broker in Ohio. How many hours of post-licensing education must he complete?
Answer Options:
A. 10 hours within 12 months of licensure
B. 20 hours within 12 months of licensure
C. 20 hours before their first license renewal
D. No post-licensing education is required for broker licensees.
Answer: A. 10 hours within 12 months of licensure 63.
Question: Which specific type of agency relationship, which requires explicit written consent from both parties, is specifically described on the reverse side of the Agency Disclosure Statement?
Answer Options:
A. Dual agency
B. Exclusive seller agency
C. Split agency
D. Subagency
Answer: A. Dual agency 64.
Question: Real estate agent Suellen is hosting an open house for one of her listings. During the event, a visitor named Matt approaches her, introduces himself, and expresses interest in the property. Matt then asks Suellen several questions about the neighborhood and mentions he might want to see other properties in the area after the open house. When is Suellen required to provide Matt with the Consumer Guide to Agency Relationships?
Answer Options:
A. Before showing Matt any properties other than the open house
B. Immediately upon Matt making positive comments about the property
C. Only if Matt asks about making an offer on the open house property
D. Only if Matt signs a buyer agency agreement with Suellen
Answer: A. Before showing Matt any properties other than the open house 65.
Question: Which of the following transactions requires the presentation of an Agency Disclosure Statement?
Answer Options:
A. The lease of an apartment for 18 months or less
B. The sale of a cemetery lot
C. The sale of a condominium in Florida to an Ohio resident
D. The sale of a vacant lot on which a house will be built
Answer: D. The sale of a vacant lot on which a house will be built 66.
Question: Gino missed the deadline to renew his Ohio salesperson’s license. His license is now in ______ status, and he has a _____ grace period to reactivate it.
Answer Options:
A. inactive / 3-year
B. resigned / 6-month
C. suspended / 12-month
D. terminated / 90-day
Answer: C. suspended / 12-month 67.
Question: A buyer client asks their real estate agent for advice on the best way to take title to a property they’re purchasing. The agent explains the differences between joint tenancy with right of survivorship, tenancy in common, and sole ownership and then recommends joint tenancy based on the client’s marital status. What issue does this present?
Answer Options:
A. The agent can explain options but cannot recommend which is best without consulting an attorney.
B. The agent can only discuss these options if they have a broker’s license, not a salesperson’s license.
C. The agent is engaging in the unauthorized practice of law by recommending a specific form of ownership.
D. There is no issue; explaining title options is within a real estate agent’s scope of practice.
Answer: C. The agent is engaging in the unauthorized practice of law by recommending a specific form of ownership. 68.
Question: What must a real estate licensee do before acting as a dual agent in Ohio?
Answer Options:
A. Complete additional dual agency training.
B. Notify the Real Estate Commission.
C. Obtain written consent from both parties.
D. Reduce their commission by 50%.
Answer: C. Obtain written consent from both parties. 69.
Question: Which of the following are protected classes under Ohio law but are NOT included in federal fair housing protections?
Answer Options:
A. Military status and ancestry
B. Ancestry and familial status
C. Disability and military status
D. Familial status and gender
Answer: A. Military status and ancestry 70.
Question: A real estate team consists of three licensed salespeople and one unlicensed assistant. How must the unlicensed assistant be compensated?
Answer Options:
A. The assistant can be paid by either the team or the broker.
B. The assistant can only be paid by the broker.
C. The assistant cannot be compensated for real estate-related work.
D. The assistant must be paid equally by all team members.
Answer: A. The assistant can be paid by either the team or the broker. 71.