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National Real Estate Exam Portion for Ohio Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
What is the minimum age to obtain a real estate salesperson license in Ohio?✔✔18 years old
Who issues real estate licenses in the state of Ohio?✔✔The Ohio Division of Real Estate and Professional Licensing
What is the main purpose of the Ohio Real Estate Commission?✔✔To enforce license law and protect the public interest
How many hours of pre-licensing education are required for an Ohio real estate salesperson license?✔✔120 hours
What does the term “fiduciary” mean in a real estate agency relationship?✔✔A relationship of trust and confidence between agent and client 1 / 4
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What is the legal definition of “commingling” in real estate?✔✔Mixing a client’s funds with the agent’s personal or business funds
How long must an Ohio real estate broker keep transaction records?✔✔At least 3 years
In Ohio, what type of ownership allows property to automatically pass to the surviving owner?✔✔Joint tenancy with rights of survivorship
What is the legal document that transfers ownership of real property?✔✔Deed
What is the primary purpose of a title search?✔✔To uncover defects or claims against the title
What does "caveat emptor" mean in Ohio real estate?✔✔Let the buyer beware 2 / 4
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Which Ohio law requires the disclosure of known material defects in residential property?✔✔Ohio Residential Property Disclosure Law
Who must sign the Residential Property Disclosure Form in Ohio?✔✔The seller
What is the maximum amount the Ohio Real Estate Recovery Fund will pay out per licensee?
✔✔$250,000
When is an agency disclosure form required in Ohio?✔✔Before the agent shows a property or discusses confidential information
Who does a buyer's agent owe fiduciary duties to?✔✔The buyer
Who does a dual agent represent?✔✔Both the buyer and the seller 3 / 4
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Can an Ohio real estate agent draft legal documents like deeds or contracts for clients?✔✔No, unless they are also a licensed attorney
What is the purpose of earnest money in a real estate transaction?✔✔To show the buyer's good faith and commitment
What happens if an agent in Ohio is convicted of a felony?✔✔Their license may be suspended or revoked
What does "highest and best use" refer to in property valuation?✔✔The most profitable, legally permitted use of the property
Who is responsible for submitting earnest money to the broker?✔✔The buyer’s agent
What is a latent defect?✔✔A hidden issue not visible through normal inspection
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