Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A salesperson is asked by a lending institution to provide an appraisal for a mortgage on a property owned by the bank. She should A. submit a broker price opinion for a fee not to exceed one hundred dollars ($100). B. recommend that the bank consult with a licensed or certified appraiser. C. complete a comparative market analysis and provide it to the bank. D. refer the request to her sponsoring broker. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A landlord may file an action for possession of the premises against a tenant for all of the following reasons EXCEPT the tenant A. defaults on rent payment. B. is a holdover tenant. C. and landlord do not get along. D. does not keep the dwelling unit safe or sanitary. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A sum has been paid from the real estate recovery fund toward satisfaction of a judgement against a real estate licensee. What action shall be taken against the licensee? A. The real estate license is automatically suspended. B. The licensee has 90 days to reimburse the fund or lose the license. C. The real estate license will automatically be revoked. D. The licensee must reimburse the fund before the license expires. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Under what circumstances can a licensee accept compensation from more than one party in a single transaction? A. No circumstances. B. Only when all compensation is disclosed to the seller. C. As long as the amount is shown on the settlement statement. D. When all parties to the transaction have full knowledge and consent. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Each licensee MUST notify A. the broker of a change in personal address. B. the branch manager of a change in personal address. C. the Commission (Ohio Division of Real Estate) of a change in personal address. D. the other salespersons in the office of a change in personal address. Submit Answer