ORES Ohio Real Estate Salesperson Examination - Set 5 - Part 1

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 1: Under Ohio's agency statute, which of the following describes the person a licensee or brokerage actually represents and owes fiduciary duties in a transaction?

The client

The customer

The subagent

The attorney-in-fact

Question 2: A person a licensee works with but does not represent, owed only honesty and disclosure of known material facts, is best described by which of the following terms?

A client

A principal

A customer

A fiduciary

Question 3: When a seller engages a real estate company, which of the following holds the agency relationship while individual affiliated licensees are assigned to work with the client?

The individual salesperson

The brokerage through its broker

The multiple listing service

The Ohio Real Estate Commission

Question 4: Which of the following describes a brokerage that represents both the seller and the buyer in the same real estate transaction under Ohio law?

A subagent

A designated agent

A transaction broker

A dual agent

Question 5: Two licensees in one brokerage represent opposite sides of a sale, separated by an information barrier while a management broker stays neutral. Which of the following is this?

Designated agency

Open listing

Subagency

No-agency relationship

Question 6: Under Ohio's agency statute, an agency relationship with a seller or buyer is created principally by which of the following?

A verbal handshake agreement

Payment of a commission

A signed written agency agreement

Submitting the listing to the MLS

Question 7: A cooperating licensee from another brokerage works closely with the buyer but actually represents the seller. Which of the following best identifies that licensee's role?

A subagent of the seller

A buyer's agent

A dual agent

A designated agent

Question 8: A sophisticated commercial party wants paperwork help from a licensee but no representation. With disclosure, which of the following lets the licensee assist without a fiduciary relationship?

An exclusive buyer agency

A no-agency relationship

A dual agency

A subagency

Question 9: Which of the following duties owed to a client under Ohio's agency statute may NOT be waived even if the client requests it in writing?

Loyalty to the client

Scheduling inspections for the client

Providing a market analysis

Attending the closing

Question 10: A licensee deals with an unrepresented customer. Which of the following does Ohio's agency statute require the licensee to provide that customer?

Loyalty and advocacy

Honesty and disclosure of material facts

Confidentiality of the customer's plans

Negotiation on the customer's behalf

Question 11: A seller instructs the listing agent not to show the home on weekends. The agent disagrees, but the request is legal. Which of the following duties requires compliance?

Accounting

Disclosure

Obedience

Reasonable skill and care

Question 12: A listing agent receives an offer well below asking and considers it too low to bother the seller. Under Ohio law, which of the following must the agent do?

Present it to the seller promptly

Reject it without telling the seller

Counter it using the agent's own judgment

Hold it until a better offer arrives

Question 13: Ohio's duty to disclose material facts to a purchaser is keyed to which of the following standards regarding the licensee's information about the property?

A duty to investigate fully

Constructive notice of public records

Whatever an appraiser would find

Actual knowledge

Question 14: A seller falsely tells the agent the furnace is newer than it is, and the agent relays it without any reason to doubt it. Under Ohio law, the agent is generally which of the following?

Strictly liable to the buyer

Not liable for the client's false statement

Liable only for half the damages

Liable as a matter of public policy

Question 15: An agent knows the street floods often and has seen basement water marks, yet repeats the seller's claim that it never floods. Which of the following best describes the agent's exposure?

Protected, since the client spoke first

Shielded by the good-faith relay rule

Liable for reckless disregard of the truth

Immune because no fee was charged

Question 16: A listing agent personally tells buyers a roof is in great condition while knowing it actively leaks. Regarding the agent's own false statement, which of the following is correct?

The agent is liable for the misrepresentation

The good-faith relay rule protects the agent

Only the seller can be held responsible

Liability requires a written contract first

Question 17: A seller's agent under Ohio law owes the client a specific duty beyond the core fiduciary duties. Which of the following best describes that added obligation?

Promote the buyer's interest

Stay neutral between the parties

Protect the buyer's confidential information

Promote the seller's interest

Question 18: Under Ohio's waiver provision, a client may release the licensee by written consent from which of the following?

The duty of confidentiality

The duty of loyalty

Specific seller-agent or buyer-agent service duties

The duty of timely accounting

Question 19: A seller signs a clause stating the agent need not act loyally, just list the home. Under Ohio's agency statute, that clause is best described as which of the following?

Void and unenforceable

Valid if signed and dated

Valid only with broker approval

Valid for ninety days

Question 20: A buyer's agent knows of a material defect in a home the buyer-client is considering, even though the seller never disclosed it. The buyer's agent must do which of the following?

Keep it quiet to protect the deal

Report it only to the listing agent

Wait for the inspection to surface it

Disclose the defect to the buyer-client

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