Ohio Real Estate Salesperson Exam — All Questions
14 questions
To qualify for an Ohio real estate salesperson license, an applicant must generally:
- a.Be at least 16 years old with no education
- b.Hold a license in another profession
- c.Complete required pre-license education and pass the licensing exam✓
- d.Already own a brokerage
Ohio requires salesperson applicants to complete the mandated pre-license coursework and pass the state licensing examination, in addition to meeting age and character requirements. Completing education before testing is a core prerequisite.
How many hours of prelicensure education does Ohio require of a real estate salesperson applicant?
- a.One hundred hours of approved instruction
- b.Seventy-five hours of approved instruction
- c.One hundred twenty hours of instruction✓
- d.Sixty hours of approved instruction
ORC 4735.09 requires 120 hours: 40 in real estate practice, 40 covering Ohio real estate law and municipal, state and federal civil rights law, 20 in appraisal, and 20 in finance. The 10-hour appraisal and finance figures belong to the pre-2021 version of the statute. Cite: ORC 4735.09 (10-9-2021).
How are Ohio's 120 prelicensure hours divided among the required subjects?
- a.40 practice, 40 law, 20 appraisal, 20 finance✓
- b.40 practice, 40 law, 40 appraisal, 0 finance
- c.60 practice, 30 law, 15 appraisal, 15 finance
- d.30 practice, 50 law, 20 appraisal, 20 finance
ORC 4735.09 names four courses: 40 hours real estate practice; 40 hours Ohio real estate law with civil rights law; 20 hours real estate appraisal; 20 hours real estate finance. Cite: ORC 4735.09 (10-9-2021).
What is the minimum age for an Ohio real estate salesperson licence?
- a.Twenty-one years of age at application
- b.Twenty years of age at the application
- c.Nineteen years of age at application
- d.Eighteen years of age at application✓
ORC 4735.09 requires that the applicant be at least eighteen years of age. Cite: ORC 4735.09.
What post-licensure education must a newly licensed Ohio salesperson complete, and by when?
- a.Thirty hours within twenty-four months of issue
- b.Twenty hours within twelve months of issue✓
- c.Ten hours within six months of the issue date
- d.Forty hours before the first renewal falls due
ORC 4735.09 requires 20 hours of instruction in commission-approved schools within one year of licence issuance, covering topics such as commercial real estate, property management, contract law and fiduciary responsibility. Cite: ORC 4735.09 (10-9-2021).
Which of the four Ohio prelicensure courses carries instruction in municipal, state and federal civil rights law?
- a.The forty-hour Ohio real estate law course✓
- b.The forty-hour real estate practice course
- c.The twenty-hour real estate finance course
- d.The twenty-hour real estate appraisal course
ORC 4735.09 folds civil rights law, housing discrimination case law, desegregation issues and methods of eliminating the effects of prior discrimination into the 40-hour Ohio real estate law course, not into the practice course. Cite: ORC 4735.09.
Ohio's real estate recovery fund is created in the state treasury. Who administers it?
- a.The Ohio Real Estate Commission's five appointed members
- b.The superintendent of real estate and professional licensing✓
- c.The treasurer of state, acting for the department of commerce
- d.The Franklin county clerk of courts, as escrow holder
ORC 4735.12(A) creates the fund in the state treasury 'to be administered by the superintendent of real estate.' The treasurer of state only credits collections and interest to it, and the commission's role is limited to setting the special assessment by rule. Cite: ORC 4735.12(A) (eff. 10/3/2023, HB 33, 135th G.A.).
What is the most the Ohio real estate recovery fund will pay out on account of any one licensee?
- a.$10,000
- b.$25,000
- c.$75,000
- d.$40,000✓
ORC 4735.12(D): 'the liability of the fund shall not exceed forty thousand dollars for any one licensee.' If valid claims exceed that, the $40,000 is divided among claimants in the ratio their claims bear to the total. Cite: ORC 4735.12(D) (eff. 10/3/2023, HB 33, 135th G.A.).
A buyer holds an unpaid judgment against an Ohio salesperson. Which part of that judgment can the recovery fund never reimburse?
- a.Punitive damages, attorney's fees and interest✓
- b.Actual and direct loss the applicant proved at trial
- c.Court costs, when the superintendent allows them
- d.Losses from a transaction only a licensee may do
ORC 4735.12(B)(2): 'Punitive damages, attorney's fees, and interest on a judgment are not recoverable from the fund.' Court costs are recoverable only in the superintendent's discretion, and the fund otherwise pays the actual and direct loss. Cite: ORC 4735.12(B)(2) (eff. 10/3/2023, HB 33, 135th G.A.).
The superintendent pays $18,000 out of the Ohio real estate recovery fund toward a judgment against a broker. What happens to that broker's licence?
- a.Nothing, unless the commission separately disciplines the broker
- b.It is permanently revoked and can never be reissued
- c.It is automatically suspended on the date of payment✓
- d.It is suspended for two months and then restored
ORC 4735.12(E): the licence 'shall be automatically suspended upon the date of payment from the fund,' and the superintendent may not reactivate it until the licensee repays the fund in full plus interest at the ORC 1343.03(A) rate. A bankruptcy discharge does not lift the suspension unless the underlying judgment was discharged and not reaffirmed. Cite: ORC 4735.12(E) (eff. 10/3/2023, HB 33, 135th G.A.).
Where does an aggrieved person file the application for payment out of the Ohio real estate recovery fund?
- a.With the Ohio Real Estate Commission at its next meeting
- b.In the court of common pleas of Franklin county✓
- c.In the common pleas court of the county where the property sits
- d.With the superintendent, who decides the claim by order
ORC 4735.12(B)(1) directs the verified application to 'the court of common pleas of Franklin county' regardless of where the property or the licensee is. The applicant must also file notice of the application with the superintendent under division (C). Cite: ORC 4735.12(B)(1) and (C) (eff. 10/3/2023, HB 33, 135th G.A.).
How is the Ohio Real Estate Commission composed?
- a.Five members: four brokers of ten years' standing and one public member✓
- b.Seven members: five brokers of ten years' standing and two of the public
- c.Nine members appointed by the superintendent of real estate
- d.Five members, every one of them a licensed Ohio broker
ORC 4735.03 seats five members appointed by the governor with the advice and consent of the senate: four must have been licensed Ohio real estate brokers for the ten years immediately preceding appointment, and one represents the public. Cite: ORC 4735.03 (eff. 10/3/2023, HB 33, 135th G.A.).
Which statement about appointments to the Ohio Real Estate Commission is correct?
- a.Four-year terms, with no political-balance requirement at all
- b.Members serve at the pleasure of the director of commerce
- c.Three-year terms, and every member must be of a different party
- d.Five-year terms; at most three members of one party✓
ORC 4735.03 sets five-year terms beginning July 1 and ending June 30, provides that 'no more than three members shall be members of any one political party,' and bars more than two consecutive full terms. Cite: ORC 4735.03 (eff. 10/3/2023, HB 33, 135th G.A.).
Who appoints Ohio's superintendent of real estate and professional licensing?
- a.The governor, with the advice and consent of the senate
- b.The Ohio Real Estate Commission, by a majority of its members
- c.The director of commerce, from a list the commission submits✓
- d.Ohio's licensed brokers, who elect the superintendent
Under ORC 4735.05 the director of commerce is ex officio executive officer of the commission and may designate a department employee as superintendent; when the office is vacant the commission and the real estate appraiser board jointly submit three qualified names within sixty days and the director appoints from those lists. Cite: ORC 4735.05 (eff. 10/3/2023, HB 33, 135th G.A.).