ORES Ohio Real Estate Salesperson Examination - Set 3 - Part 3

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

Question 41: A federal rule requires sellers of most housing built before nineteen seventy-eight to disclose known hazards and provide an information pamphlet. Which hazard triggers this rule?

Radon gas

Asbestos insulation

Lead-based paint

Mold growth

Question 42: A naturally occurring, colorless, odorless radioactive gas seeps into homes from the soil and is a leading cause of lung cancer. Which hazard is this?

Carbon monoxide

Radon

Formaldehyde

Asbestos

Question 43: Asbestos-containing material is in good condition and unlikely to be disturbed, so it is sealed in place rather than removed. Which approach is this?

Remediation

Abatement by removal

Delineation

Encapsulation

Question 44: Buyers worry about a registered sex offender living nearby. Because that registry is a public record, what is generally true of the licensee's duty?

Must canvass every neighbor

Must conceal the information

No duty to research and report it

Must guarantee the area is safe

Question 45: A seller markets a home as-is. Regarding known latent material defects, what does selling as-is actually mean for the seller?

Known defects must still be disclosed

No disclosure of any defects is needed

The buyer waives all inspection rights

Caveat emptor fully shields the seller

Question 46: During a walkthrough a licensee notices fresh paint over only one ceiling area, a musty odor, and staining. What do these observations represent?

Patent defects requiring no action

Stigmas exempt from disclosure

Trade fixtures owned by the tenant

Red flags warranting investigation

Question 47: Created by a management agreement, a property manager holds broad ongoing authority to lease, repair, and collect rent for an owner. Which agency role is this?

Special agent

Universal agent

General agent

Subagent

Question 48: A residential landlord's ongoing duty to keep the unit safe, sanitary, and fit to live in is expressed by which concept?

The implied warranty of habitability

The covenant against encumbrances

A percentage lease

The doctrine of emblements

Question 49: A commercial tenant pays base rent plus the property's taxes, insurance, and maintenance costs. Which type of lease does this describe?

A gross lease

A net lease

A percentage lease

A ground lease's only feature

Question 50: A property manager shifts the financial consequence of a tenant's slip-and-fall to an insurer by buying liability coverage. Which risk-management technique is this?

Avoid

Control

Retain

Transfer

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