Free Ohio Real Estate Practice Exam

Q1.A property management company consistently requires higher security deposits from Hispanic tenants than from other applicants. This practice violates:

• A.Fair Housing Act
• B.Truth-in-Lending Act
• C.RESPA
• D.Equal Credit Opportunity Act

Q2.A home was purchased five years ago for $210,000. It has appreciated at an average annual rate of 4%. Using the compound appreciation formula, what is the property's approximate current value?

• A.$252,000
• B.$255,530
• C.$248,400
• D.$262,450

Q3.Ohio Administrative Code § 1301:5-6-02 addresses advertising by licensees. A salesperson independently runs a social media advertisement for a property they have listed under their broker, using only their own name and personal contact information, without mentioning the brokerage. Under Ohio law, this advertisement is:

• A.Permissible as long as the salesperson's license number is included in the advertisement
• B.Permissible because social media is not considered a regulated advertising medium under Ohio law
• C.A violation because Ohio law requires all advertising by a salesperson to prominently display the name of their affiliated brokerage
• D.A violation only if the property is listed at a price above $500,000

Q4.The maximum civil penalty for a third or subsequent FHA violation within 7 years is approximately:

• A.$21,663
• B.$54,157
• C.$108,315
• D.$250,000

Q5.Under the doctrine of after-acquired title, if a grantor conveys property they do not own and later acquires title to that property, what happens?

• A.The original deed becomes void
• B.Title automatically passes to the original grantee
• C.A new deed must be executed
• D.The grantor retains title permanently

Q6.The Truth-in-Lending Act (TILA) requires lenders to disclose which of the following to borrowers?

• A.The borrower's credit score
• B.The property's appraised value
• C.The Annual Percentage Rate (APR)
• D.The loan officer's commission

Q7.A salesperson representing a seller as a client is contacted directly by an unrepresented buyer who wants to tour the property. Before the showing begins, the salesperson hands the buyer a copy of the Ohio Consumer Guide to Agency Relationships and has the buyer sign an acknowledgment. The buyer later argues that the salesperson owed her fiduciary duties during the negotiation because she signed the form. Which statement BEST reflects Ohio law under ORC 4735.51–4735.75?

• A.The buyer is correct because signing any agency disclosure document creates an implied agency relationship under Ohio law.
• B.The buyer is incorrect; the Consumer Guide to Agency Relationships is a disclosure document, and providing it to an unrepresented buyer establishes her status as a customer, not a client, meaning the salesperson owes her only the statutory duties owed to customers under ORC 4735.63.
• C.The buyer is correct because ORC 4735.55 requires a salesperson to treat any party who receives the Consumer Guide as a client once they acknowledge receipt.
• D.The buyer is incorrect, but only because the Consumer Guide should have been provided before—not at the time of—the showing, making the disclosure procedurally defective and unenforceable.

Q8.Under the federal Fair Housing Act, a landlord may legally refuse to rent to a prospective tenant for which of the following reasons?

• A.The applicant has a poor credit history and insufficient income
• B.The applicant has a disability
• C.The applicant has children under the age of 18
• D.The applicant practices a minority religion

Q9.A property recently sold for $285,000. The listing agent receives a 3% commission and the buyer's agent receives 2.5% commission. Both agents split their commissions 60/40 with their respective brokers, with the agents retaining the larger share. How much does the buyer's agent personally earn from this transaction?

• A.$4,275
• B.$7,125
• C.$4,987.50
• D.$7,987.50

Q10.A lender issues a Loan Estimate to a buyer on Monday. Three business days later, the buyer receives the Closing Disclosure. Under TRID (RESPA/TILA integrated disclosure rules), what is the minimum waiting period the buyer must observe after receiving the Closing Disclosure before the loan can consummate?

• A.One business day after receipt of the Closing Disclosure
• B.Three business days after receipt of the Closing Disclosure
• C.Seven business days after receipt of the Loan Estimate
• D.Five business days after the Closing Disclosure is mailed

Q11.The legal description of a parcel of land that uses township lines, range lines, and sections is known as which type of legal description?

• A.Metes and bounds
• B.Lot and block
• C.Rectangular survey system
• D.Benchmark survey

Q12.Under CERCLA (the Comprehensive Environmental Response, Compensation, and Liability Act), who can be held liable for the cleanup of a hazardous waste site on a property?

• A.Only the party who originally deposited the hazardous waste
• B.Only the current property owner if they caused the contamination
• C.Current owners, past owners, transporters, and generators of the hazardous waste
• D.Only the federal government is responsible for cleanup costs

Q13.Under the Federal Fair Housing Act, which of the following actions by a landlord would constitute illegal discrimination?

• A.Requiring a higher security deposit from tenants with pets
• B.Refusing to rent to someone who cannot meet the income requirements
• C.Refusing to rent to a family with children because the property has a swimming pool
• D.Charging different application fees based on credit score

Q14.When a tenant requests a reasonable accommodation but the disability is not obvious, what can the housing provider legally request?

• A.Reliable third-party verification that the tenant has a disability and that the requested accommodation is necessary — without requiring diagnosis or medical history
• B.The specific diagnosis from the tenant's physician
• C.The tenant's full medical records
• D.Nothing — the provider must accept the request at face value

Q15.An Ohio salesperson's license has been placed on inactive status. Which of the following statements is TRUE regarding an inactive licensee under Ohio law?

• A.An inactive licensee may still perform real estate activities as long as they do not accept compensation
• B.An inactive licensee may perform real estate activities if supervised directly by their former broker
• C.An inactive licensee may NOT perform any acts that require a real estate license
• D.An inactive licensee may continue to practice real estate for up to 90 days after the license becomes inactive