ORES Ohio Real Estate Salesperson Examination - Set 5 - 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: Even when buying or selling their own property as a principal, a licensee under Ohio law still owes the other party which of the following?

Full fiduciary loyalty

Confidentiality of the other party's plans

Honesty and disclosure of known material facts

Advocacy in negotiations

Question 42: Under Ohio law, which of the following may a licensee properly do with a standard, attorney-prepared purchase agreement?

Draft a custom indemnification clause

Opine on the legal effect of title

Charge a separate legal fee

Fill in the transaction's factual blanks

Question 43: A buyer asks the agent to write a special relocation contingency the standard form does not contain. Under Ohio law, the agent should do which of the following?

Write the new clause as requested

Refer the buyer to an attorney

Modify a printed clause to fit

Decline to help the buyer at all

Question 44: At closing a buyer asks whether a general warranty deed or a quitclaim deed better protects them. Under Ohio law, the licensee should do which of the following?

Refer the buyer to an attorney

Advise which deed form to choose

Prepare the deed personally

Guarantee the deed's legal effect

Question 45: When a transaction raises a legal question a licensee cannot answer without giving a legal opinion, Ohio's professional duty is to do which of the following?

Provide the opinion anyway

Prepare the needed legal document

Recommend the parties consult an attorney

Ignore the question entirely

Question 46: A salesperson tells a prospect, 'I'm actually a broker and need no one's approval.' Under Ohio law, this statement is best described as which of the following?

Permissible self-promotion

A misrepresentation of license type

A protected opinion

An accurate disclosure

Question 47: Which of the following correctly describes who may properly use the REALTOR designation under Ohio standards and the rules governing that mark?

Any licensee may use it freely

It applies only to brokers

It is granted by the Commission

Only national association members may use it

Question 48: A licensee with no luxury-market training advertises as a 'luxury specialist' to attract clients. Under Ohio law, this conduct is best characterized as which of the following?

A misrepresentation of expertise

Acceptable marketing puffery

A required disclosure

A protected designation

Question 49: Which of the following bodies adopts the Canons of Ethics that bind all Ohio real estate licensees and enforces them through discipline?

The National Association of REALTORS

The county recorder

The Ohio Real Estate Commission

The local board of REALTORS

Question 50: A licensee who does not belong to the national association must still follow which of the following sets of ethical rules under Ohio law?

The national association's Code of Ethics

A local board's bylaws

No ethical rules at all

The Ohio Canons of Ethics

Congratulations!

You have completed all 5 question sets. Good job!

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