Free Ohio Real Estate Practice Exam

Q1.A buyer and seller both consent in writing to dual agency through a brokerage. Under ORC 4735.71 and 4735.75, which activity is a dual agent PROHIBITED from performing even after obtaining informed consent?

• A.Presenting all written offers and counteroffers to both parties in a timely manner.
• B.Disclosing to either party the other party's motivation for selling or buying, or the lowest price the seller will accept or the highest price the buyer will pay.
• C.Providing both parties with factual information about the property, including its physical condition.
• D.Preparing or reviewing contract terms at the direction of either party.

Q2.Under CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), which party is typically considered a Potentially Responsible Party (PRP) for environmental contamination cleanup costs?

• A.Only the party that originally caused the contamination
• B.Only parties who were aware of the contamination at time of purchase
• C.Current property owners, regardless of when contamination occurred
• D.Government agencies that issued permits for the property

Q3.When a buyer breaches a real estate contract by failing to close, what is the most common remedy available to the seller?

• A.Keeping the buyer's earnest money as liquidated damages
• B.Specific performance to force the buyer to complete the purchase
• C.Suing for the full purchase price
• D.Automatically transferring title to a backup buyer

Q4.Under the Equal Credit Opportunity Act (ECOA), a lender is prohibited from discriminating against a credit applicant based on which of the following?

• A.The applicant's current employment status as part-time
• B.The applicant's debt-to-income ratio exceeding lender guidelines
• C.The applicant's receipt of public assistance income
• D.The applicant's lack of an established credit history

Q5.A lender denies a loan application from a married couple but approves a nearly identical application from a single applicant with similar financials. Under the Equal Credit Opportunity Act (ECOA), which basis for discrimination does this scenario most likely illustrate?

• A.Race
• B.Religion
• C.Marital status
• D.National origin

Q6.A real estate agent tells a white homeowner that African American families are moving into the neighborhood and encourages the owner to sell quickly before property values decline. This practice is known as:

• A.Steering
• B.Blockbusting
• C.Redlining
• D.Panic peddling

Q7.Under federal law (24 C.F.R. Part 35), for which properties is lead-based paint disclosure required?

• A.All residential properties, regardless of age
• B.Residential properties built before 1978
• C.Only pre-1978 properties showing visible paint deterioration
• D.Commercial and multi-family buildings of any age

Q8.A lender issues a Closing Disclosure to a borrower for a purchase money mortgage. Under TRID rules, what is the MINIMUM number of business days the borrower must have to review the Closing Disclosure before loan consummation?

• A.One business day before consummation.
• B.Three business days before consummation.
• C.Five business days before consummation.
• D.Seven business days before consummation.

Q9.Under ORC 4735.18, which of the following acts by an Ohio salesperson would constitute grounds for license revocation or suspension by the Ohio Real Estate Commission?

• A.Failing to provide a buyer with a copy of a signed offer within 24 hours of execution.
• B.Representing to a lender that a property's purchase price is higher than the actual agreed-upon price in order to help the buyer obtain a larger loan.
• C.Advertising a property without the seller's prior written consent to use that specific photograph.
• D.Accepting a referral fee from an out-of-state broker without disclosing it to the Ohio broker.

Q10.A property manager advertises available rental units exclusively through a social media platform whose algorithm is known to deliver ads disproportionately to users of a particular race, effectively excluding other racial groups from seeing the listings. The property manager did not program the algorithm but knowingly continues using the platform after learning of this effect. Under the Fair Housing Act, which statement best describes the legal exposure?

• A.The property manager may be liable under the FHA because knowingly using an advertising method that results in discriminatory effect can constitute unlawful discriminatory advertising, regardless of intent.
• B.The property manager has no liability because the discriminatory effect is caused by the platform's algorithm, not by any direct act of the property manager.
• C.The property manager is liable only if a complainant can prove the manager specifically intended to exclude a protected class.
• D.The property manager's liability is limited to injunctive relief and does not include monetary damages because the discrimination was algorithmic.

Q11.A broker holds an active license in State A and wishes to begin conducting real estate business in neighboring State B without completing State B's full pre-licensing education requirements. Which federal or general licensing principle would most directly enable this broker to obtain a State B license on an expedited basis?

• A.A reciprocity or license recognition agreement between State A and State B that waives or reduces pre-licensing education requirements for already-licensed brokers
• B.The federal interstate commerce clause, which automatically grants licensed brokers the right to practice in any U.S. state
• C.The National Association of REALTORS® Broker Mobility Act, which provides nationwide portability of broker licenses
• D.A cooperative brokerage agreement filed with the U.S. Department of Commerce allowing temporary interstate practice

Q12.Under the federal Fair Housing Act, a property manager who refuses to rent an apartment to a family with children because the building is 'adults only' is most likely violating which protected class?

• A.Familial status
• B.National origin
• C.Religion
• D.Disability

Q13.Under CERCLA (Superfund), which party is typically NOT liable for environmental cleanup costs at a contaminated property?

• A.Current property owner
• B.Previous property owner who owned during contamination
• C.Innocent purchaser who conducted due diligence
• D.Lender who forecloses and takes title

Q14.RESPA requires lenders to provide borrowers with a Loan Estimate within how many business days of receiving a complete loan application?

• A.1 business day
• B.3 business days
• C.5 business days
• D.7 business days

Q15.When a broker learns that a buyer client is sending unwanted personal messages to an agent, the broker's obligation is to:

• A.Ignore it — clients are not brokerage employees and cannot create liability
• B.Wait for the agent to file a formal police report before acting
• C.Refer the agent to a different broker to avoid conflict of interest
• D.Take action: restrict communications, set written boundaries with the client, and if necessary terminate the buyer agency agreement