Free Real Estate Broker - State Only Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Real Estate Broker - State Only practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1An Ohio licensee asks which body is statutorily charged with adopting the real estate industry's canons of ethics. Which body has that duty?

   1. A. Ohio Real Estate Commission
   2. B. Superintendent of Real Estate and Professional Licensing
   3. C. Ohio Civil Rights Commission
   4. D. Director of Commerce acting alone

   Answer: A

   Explanation: ORC 4735.03(A) directs the Ohio Real Estate Commission to "Adopt canons of ethics for the real estate industry." The commission, rather than the superintendent acting alone, performs that function.

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.03(A)

2. 2For compensation, a person negotiates the sale of another owner's Ohio real estate. Which license is ordinarily required to conduct that activity independently?

   1. A. Real estate broker license
   2. B. Property appraiser certificate
   3. C. Auctioneer license alone
   4. D. Mortgage loan originator license

   Answer: A

   Explanation: ORC 4735.01(A) includes one who, for compensation, "sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate" for another within the broker definition.

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.01(A)

3. 3A salesperson controls an online advertisement for a listing. How prominently must the brokerage name appear compared with the salesperson's name?

   1. A. At least equally prominently
   2. B. In smaller type
   3. C. Only on the linked landing page
   4. D. Only in the legal footer

   Answer: A

   Explanation: OAC 1301:5-1-02(B) requires the brokerage name to be displayed "at least in equal prominence with the name of the salesperson" in controlled advertising.

   Reference: Chapter 1301:5-1 - Ohio Administrative Code | Ohio Laws — OAC 1301:5-1-02(B)

4. 4Which compensation statement must an Ohio written agency agreement include?

   1. A. Broker fees and commissions are not set by law and are fully negotiable
   2. B. The Commission fixes every residential commission
   3. C. Only sellers may pay brokerage fees
   4. D. Cooperating brokers must split fees equally

   Answer: A

   Explanation: ORC 4735.55(C)(7) requires a conspicuous statement that "broker fees and commissions are not set by law, are fully negotiable" and may be paid by different parties or shared between brokers.

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.55(C)(7)

5. 5A vacancy occurs on the five-member Ohio Real Estate Commission. Who appoints commission members under Chapter 4735?

   1. A. The superintendent
   2. B. The governor, with the advice and consent of the senate
   3. C. The director of commerce without confirmation
   4. D. The Ohio Association of Realtors

   Answer: B

   Explanation: ORC 4735.03 creates a five-member commission "who shall be appointed by the governor, with the advice and consent of the senate."

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.03

6. 6A company uses a regular employee to lease property the company owns. Which Ohio licensing result applies when the statutory owner exemption is satisfied?

   1. A. The employee needs a salesperson license under every circumstance
   2. B. The employee may act without being included in the broker or salesperson definitions
   3. C. The employee needs a broker license because rent is collected
   4. D. The employee may act only through an outside property manager

   Answer: B

   Explanation: ORC 4735.01(I)(1)(a) excludes owners and their regular employees when acting "With reference to real estate situated in this state owned by such person" or entity.

   Reference: Section 4735.01 - Ohio Revised Code | Ohio Laws — ORC 4735.01(I)(1)(a)

7. 7A brokerage has an approved trade name. Which identifying name should it use in advertising?

   1. A. Any informal nickname selected by an agent
   2. B. The trade name as it appears on the Division-issued license
   3. C. The principal broker's surname only
   4. D. The franchisor's name without the licensed name

   Answer: B

   Explanation: OAC 1301:5-1-02(C)(1) requires use of the approved trade name "as it appears on the license issued by the division."

   Reference: Chapter 1301:5-1 - Ohio Administrative Code | Ohio Laws — OAC 1301:5-1-02(C)(1)

8. 8A residential lease can be fully performed in eighteen months. Does ORC 4735.58 require its agency disclosure statement solely because of that lease?

   1. A. Yes, for every residential lease
   2. B. Yes, if rent exceeds a statutory amount
   3. C. Yes, unless the tenant is represented
   4. D. No; leases performable in eighteen months or less are excluded from that disclosure requirement

   Answer: D

   Explanation: ORC 4735.58(D)(1) excludes residential rental or lease agreements that "can be performed in eighteen months or less" from that section's disclosure requirements.

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.58(D)(1)

9. 9For administrative purposes, where is the Ohio Real Estate Commission located in state government?

   1. A. Within the attorney general's office
   2. B. Within the department of taxation
   3. C. Within the department of commerce
   4. D. As an independent cabinet agency

   Answer: C

   Explanation: ORC 4735.05(A) states, "The Ohio real estate commission is a part of the department of commerce for administrative purposes."

   Reference: Chapter 4735 - Ohio Revised Code | Ohio Laws — ORC 4735.05(A)

10. 10An unlicensed assistant is offered transaction-based pay for procuring a buyer. What feature makes the proposed work licensed brokerage activity?

    1. A. The assistant performs maintenance while under broker supervision
    2. B. The assistant supplies only published rental information to prospects
    3. C. Compensation is expected for procuring a prospect to a transaction
    4. D. The assistant accepts rent made payable directly to the brokerage

    Answer: C

    Explanation: ORC 4735.01(A)(7) includes one who "Directs or assists in the procuring of prospects" for a transaction calculated to result in a sale, exchange, lease, or rental.

    Reference: Section 4735.01 - Ohio Revised Code | Ohio Laws — ORC 4735.01(A)(7)