Ohio Real Estate Salesperson Exam — All Questions

A property sold for $180,000, and the seller paid a 5% commission plus $2,000 in other closing costs. Ignoring the loan payoff, how much did those costs total?

• a.$9,000
• b.$11,000✓
• c.$7,000
• d.$2,900

The commission is 5% of $180,000 = $9,000, plus $2,000 in other costs, for a total of $11,000. Adding the percentage-based commission to the flat costs gives the combined figure.

A lot is 90 feet wide and 120 feet deep. What is its area in square feet?

• a.210 sq ft
• b.1,080 sq ft
• c.10,800 sq ft✓
• d.21,600 sq ft

Area of a rectangle equals width times depth: 90 x 120 = 10,800 square feet. Multiplying the two dimensions gives the lot's area.