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Real Estate Broker - State Only — Information & Free Practice

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Real Estate Broker - State Only

Provider
PSI Services LLC
Format
Computer administered written knowledge examination; test center or online proctored
Exam questions
40 scored questions; the bulletin also permits 5 to 10 unscored experimental questions
Time limit
60 minutes
Passing score
75% scaled score on the state portion
Exam fee
$43.00 for the state-only examination
Examination outline
  • State Governance of the Real Estate Profession (4 Items)
    • A. General Powers and Structure of Governing Bodies
    • B. Audit of Records
    • C. Investigations, Hearings and Appeals
    • D. Violations and Penalties Edu. Sanction/Reprimands)
    • E. Recovery Fund
  • Licensing Requirements (6 items)
    • A. Activities Requiring a License
    • B. License Renewal and Maintenance
    • C. Change in License Status (military, retired, inactive)
    • D. Post License Education and Continuing Education
  • License Law and Rules of the Ohio Real Estate Commission (16 items)
    • A. Advertising/Use of Business Name/Misrepresentation/Team Advertising
    • B. Broker/Salesperson Employment or Independent Contractor Agreement
    • C. Commissions and fees paid through broker only/Agent compensation
    • D. Document Handling and Record Keeping (Includes Contracts and Listings)
    • E. Handling of Monies/Considerations (Items of Value)
    • F. Trust or Special Accounts (broker only)
    • G. Types of Listings, Rules
    • H. Offers, Counteroffers, Acceptance (including electronic documents)
    • I. Ohio Broker Lien Law (broker only)
    • J. Inducements
    • K. Ancillary Trustee (Procedure if Broker Dies) (broker only)
    • L. Property Management (Includes Leases)
    • M. Rentals
    • N. Brokers License Display (broker only)
    • O. Ohio Fair Housing
  • Brokerage Relationships (Agency Law) (14 items)
    • A. Creating Agency and Agency Contracts/Types of Agency Relationships
    • B. Licensee Duties and Obligations to Clients and Customers, Licensee Liabilities, Waiver of Duties
    • C. Termination of Agency
    • D. Confidentiality
    • E. Disclosure of Agency Relationships and Listing Information
    • F. Disclosures Required when Dealing with Own Properties
    • G. Unauthorized Practice of Law
    • H. False Representations of Licensee Status or Expertise
    • I. Canon of Ethics
Examination sources