Ohio Real Estate Salesperson Exam — All Questions
← Back to practiceAllProperty OwnershipLand Use ControlsValuation & Market AnalysisFinancingGeneral Principles of AgencyProperty Condition & DisclosuresContractsTransfer of TitlePractice of Real EstateReal Estate CalculationsSpecialty AreasState GovernanceLicensing RequirementsOhio License Law & RulesBrokerage Relationships (Agency)
2 questions
Property Condition & Disclosures
Ohio requires most residential sellers to complete a Residential Property Disclosure Form that reports:
- a.Known material defects and conditions of the property✓
- b.A guarantee that the home is defect-free
- c.The seller's asking price justification
- d.The buyer's financing terms
Ohio's Residential Property Disclosure Form requires the seller to disclose known material defects and conditions based on actual knowledge. It is a disclosure of known conditions, not a warranty that the property is free of defects.
Property Condition & Disclosures
Under federal law, the lead-based paint disclosure requirement applies to residential housing built:
- a.After 1978
- b.In any year
- c.Before 1978✓
- d.Only before 1950
The federal lead-based paint disclosure rule applies to housing built before 1978, the year lead-based paint was banned for residential use. Sellers and landlords of such housing must disclose known hazards and provide an EPA pamphlet.