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

Broker - ANSWER-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. Independent Contractor - ANSWER-A self-employed salesperson paid on jobs completed rather than hours worked and responsible for setting their own hours and paying their own taxes. An independent contractor is hired to perfo...

How much time is given to pass the Ohio salesperson exam? - ANSWER-3 hours How many hours of pre-licensing education do you need in Ohio? - ANSWER-120 hours How old do you have to be in Ohio to obtain a Real Estate License? - ANSWER-18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - ANSWER-An agent Ownership of real property for an undetermined length of time is called: - ANSWER-A freehold estate What information woul...

How much time is given to pass the Ohio salesperson exam? - ANSWER-3 hours How many hours of pre-licensing education do you need in Ohio? - ANSWER-120 hours How old do you have to be in Ohio to obtain a Real Estate License? - ANSWER-18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - ANSWER-An agent Ownership of real property for an undetermined length of time is called: - ANSWER-A freehold estate What information woul...

Ad Valorem Taxes - ANSWER-based on the value of the real estate. General property taxes may pay for items such as schools, police, fire, etc Special Assessment Taxes - ANSWER-imposed only on properties that benefit from the improvement such as tax install a sewer line or city water line on one specific street. Taking - ANSWER-Governmental appropriation of property; a taking may or may not use the power of eminent domain Condemnation Action - ANSWER-The process of taking title and physic...

A map of a subdivision that is recorded at the county clerk's office is called a - ANSWERrecorded subdivision plat Which can the operation of law NOT create? - ANSWERjoint tenancy Plants and trees cultivated for harvest best describes - ANSWERfructus industriales What lien attaches to a property to prevent the transfer of title when there is a pending lawsuit that may affect the title? - ANSWERattachment Building codes can be enforced by - ANSWERthe issuance of permits A landowne...