ORES Ohio Real Estate Salesperson Examination - Set 4 - 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: Which of the following is true about the use of electronic records and signatures in Ohio real estate transactions between the parties?

They are never legally valid

Valid when parties agree to transact electronically

They require the Superintendent's approval

They apply only to commercial property

Question 42: Which of the following best describes the type of property covered by Ohio's commercial real estate broker lien law for unpaid commissions?

Only residential one-to-four-unit homes

Any property, residential or commercial

Only commercial property, not residential one-to-four units

Only vacant agricultural land

Question 43: Which of the following must exist before a broker may record an Ohio commercial broker's lien for an unpaid commission?

An oral promise to pay

Approval from the Appraiser Board

A residential listing only

A written commission agreement

Question 44: A salesperson wants to offer a gift card to anyone who lists with her. Which of the following conditions must this inducement satisfy under Ohio rules?

Larger than the listed commission

Paid from a client's escrow

Offered through the broker and truthful

Approved by the Appraiser Board

Question 45: When a brokerage's only broker dies, which of the following may be appointed to wind down or temporarily continue its pending business under the Division's oversight?

A licensed broker as ancillary trustee

An unlicensed office manager

The deceased broker's attorney automatically

Any affiliated salesperson immediately

Question 46: A licensee collecting rents for several owners deposits all of it into the brokerage's operating account. Which of the following violations does this represent?

Steering

A blind-ad violation

Unauthorized practice of law

Commingling of trust funds

Question 47: Which of the following persons is generally exempt from Ohio licensure when managing rental property, even though management for others usually requires a license?

A broker managing several owners' buildings

A manager paid on many owners' rents

A salaried manager of one owner's property

A salesperson leasing units for compensation

Question 48: Which of the following must an Ohio broker maintain, along with a sign identifying the brokerage and the displayed licenses of affiliated salespersons?

An interest-bearing trust account

A separate office in every county

A residential listing inventory

A definite place of business

Question 49: Beyond the seven federal protected classes, which of the following does Ohio's fair-housing law add as protected classes in housing?

Ancestry and military status

Income level and credit score

Occupation and marital age

Home value and zip code

Question 50: A buyer's agent shows a client only certain neighborhoods based on the client's ethnic background, without the client's direction. Which of the following describes this conduct?

Lawful market guidance

A permitted inducement

Proper agency disclosure

Steering, a fair-housing violation

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