OH Real Estate study guide
OH Real Estate · Work through your exam, one topic at a time.
The Ohio Real Estate Salesperson Exam is the state licensing examination administered as part of the Ohio real estate salesperson licensing process through the Ohio Department of Commerce's Division of Real Estate & Professional Licensing. Candidates typically sit for it after completing the required pre-licensing coursework, and a passing result is one step toward licensure rather than a license itself; applicants must also satisfy the Division's other licensing requirements, including working under a sponsoring broker. The OH Real Estate study guide has 5 sections and about 1,836 words.
01Agency and Fiduciary Duties
Ohio agency questions almost always reduce to three facts: who the client was, when the relationship was disclosed in writing, and which duties outlived the closing. A salesperson is never the client's legal agent in isolation - the license is held by the brokerage, and the salesperson acts on the broker's behalf.
384 words, about 2 min02Contracts and Transaction Documents
Ohio land contracts must be in writing and signed by the party charged (the statute of frauds). The exam tests the elements - offer, acceptance, consideration, capacity, lawful purpose, and a sufficient description of the property - plus the mirror-image rule: an acceptance that changes terms is a counteroffer, and a counteroffer kills the original offer.
383 words, about 2 min03Real Estate Finance
Separate the promise from the security. The note is the borrower's negotiable promise to pay; the mortgage is the lien that secures it.
339 words, about 2 min04Ohio Real Estate Law, Rules, and Licensing
Ohio real estate licensing lives in Revised Code Chapter 4735, administered by the Division of Real Estate and Professional Licensing within the Department of Commerce, with the Ohio Real Estate Commission setting policy and hearing discipline. Licensing requires being at least 18, holding a high school diploma or equivalent, completing the required pre-licensing course hours, passing a background check and the state exam, and attaching to a licensed broker.
372 words, about 2 min05Practice, Valuation, and Property Ownership
Listing agreements come in three main shapes: exclusive right to sell (broker is paid no matter who procures the buyer), exclusive agency (owner retains the right to sell unrepresented), and open listing. Compare a CMA to an appraisal - the licensee offers a pricing opinion, never a certified valuation.
358 words, about 2 min