Ohio real estate law - Study guides, Class notes & Summaries

Broker - Any person, partnership, association, limited liability partnership , limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Pretrial Discovery - Using depositions and interrogatories to learn more about the disputed facts in a case from the opposing parties and reluctant witnesses. Case Law - Rules of law developed in court decisions, as opposed to ...

Ohio real estate (state-specific crammer)correct 100% Three items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is in the recovery fund? - ANSWER 500,000-2 million How do you show ownership of a condominium? - ANSWER Deed How do you show ownership of ...

Ohio Real Estate State-Specific Questions andevery viewable web page of the website - ANSWER When advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - ANSWER How many hours are needed for the following: a. Principles and practices b. real estate appraisal c. real estate finance d. real estate law e. post licensing course within 1 year of passing exam f. continuing education Automatically suspended - ANSWER If a real e...

When may a person use the term REALTOR? - ANSWER after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimited earnings - setting your own hours What is a disadvantage of a career in real estate sales? - ANSWER Not a steady income Most sales persons are hired as? - ANSWER independent contractors Wh...

What is the primary purpose of most civil lawsuits? - ANSWER to compensate a person who has been harmed A person who commits a tort....... - ANSWER has violated the standards of reasonable conduct Unconstitutional law........... - ANSWER exceeds the powers granted to the government Which would be most likely to issue an ordinance? - ANSWER A. The Ashtabula county court B. the Dayton city council C. The Ohio Real Estate Commission D. The Ohio State Senate Answer: B What is the m...

Three items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is in the recovery fund? - ANSWER 500,000-2 million How do you show ownership of a condominium? - ANSWER Deed How do you show ownership of a co-op? - ANSWER Lease/stock What are key words to lo...

Ohio Real Estate Principles & Practices Questions and Answers Ohio Real Estate Principles & Practices Questions and Answers Ohio Real Estate Principles & Practices Questions and Answers Periodic Tenancy - ANSWER-Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER-The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER-The system of land ownership under which anyone can own land. Annex...

Ohio Real Estate State-Specific Questions and Answers (Graded A)Ohio Real Estate State-Specific Questions and Answers (Graded A)Ohio Real Estate State-Specific Questions and Answers (Graded A)Ohio Real Estate State-Specific Questions and Answers (Graded A) every viewable web page of the website - ANSWER-When advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - ANSWER-How many hours are needed for the following: a. Principles...

Real Estate Law Exam QWhat is the primary purpose of most civil lawsuits? - ANSWER to compensate a person who has been harmed A person who commits a tort....... - ANSWER has violated the standards of reasonable conduct Unconstitutional law........... - ANSWER exceeds the powers granted to the government Which would be most likely to issue an ordinance? - ANSWER A. The Ashtabula county court B. the Dayton city council C. The Ohio Real Estate Commission D. The Ohio State Senate Answ...

Ohio Real Estate Exam Questions & Answers-May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - CORRECT ANSWER: agency ...