Free Ohio Real Estate Practice Test (2026) — LicenseIQ

Question 1

A borrower pays $4,500 for 1.5 discount points. What is the loan amount?

Accepted Answer

Loan = cost of points / points as a percentage = $4,500 / 0.015 = $300,000.

Question 2

Which set of courses is required within an Ohio licensee's 30 hours of CE?

Accepted Answer

The required core is 9 hours: Ohio core law, civil rights, and the Commission's Canons of Ethics, 3 hours each. The remaining hours are electives (brokers also take a 3-hour broker course).

Question 3

An easement that benefits an adjoining parcel of land is called:

Accepted Answer

An easement appurtenant runs with the land and benefits a dominant tenement (the adjoining parcel). An easement in gross benefits a person or company, not land.

Question 4

A licensee's advertising must generally:

Accepted Answer

Ads must identify the licensed broker/brokerage; salespersons cannot advertise under only their own name.

Question 5

The four unities required to create a joint tenancy are:

Accepted Answer

PITT: joint tenants must take equal interests, at the same time, by the same deed, with equal rights of possession.

Question 6

Which person may negotiate the sale of Ohio real estate for another without a real estate license?

Accepted Answer

Executors and other court-appointed or bona fide fiduciaries are exempt under ORC 4735.01(I). A one-time finder's fee does not create an exemption; Ohio's single-act rule makes even one paid act brokerage.

Question 7

Using an amortization factor of 4.77415 per $1,000 (30 years at 4%), what is the monthly principal and interest payment on a $250,000 loan?

Accepted Answer

$250,000 / $1,000 = 250; 250 x 4.77415 = $1,193.54.

Question 8

A single-family home rents for $2,100 per month. Comparable homes sell at an ANNUAL gross rent multiplier of 12. What is the estimated value?

Accepted Answer

Annual rent = $2,100 x 12 = $25,200; value = $25,200 x 12 = $302,400.

Question 9

Which relationship is NOT one of the agency relationships permitted by Ohio's agency statute?

Accepted Answer

ORC 4735.53 permits only seller agency, purchaser agency, dual agency, and subagency. Ohio does not recognize transaction brokerage.

Question 10

The subject property has a garage; a comparable that sold for $300,000 does not. The garage is worth $15,000. The adjusted value of the comparable is:

Accepted Answer

Adjust the comparable, never the subject. The subject is superior, so add $15,000 to the comp: $315,000.

Question 11

What happens to a licensee's license when the Recovery Fund pays a claim based on that licensee's conduct?

Accepted Answer

ORC 4735.12 automatically suspends the license on the payment date, and it cannot be reactivated until the full amount plus statutory interest is repaid.

Question 12

In Ohio, taxable (assessed) value equals what percentage of market value?

Accepted Answer

Ohio assesses real property at 35 percent of the auditor's appraised (true) value.

Question 13

A seller tells the listing agent the roof is two years old; it is actually 15. The agent repeats this to buyers without reason to doubt it. Is the agent liable?

Accepted Answer

ORC 4735.68(A) shields a licensee who passes along false client-supplied information unless the licensee knew it was false or acted with reckless disregard. ORC 4735.67 does not require independent verification absent red flags.

Question 14

In a commercial building, the area that includes the tenant's usable space plus a share of common areas such as lobbies and hallways is the:

Accepted Answer

Rentable area = usable area plus a pro rata share of common areas, so it is always larger than usable area.

Question 15

Which is the most common and desirable way a real estate sales contract terminates?

Accepted Answer

Contracts ideally end by performance. They can also end by mutual agreement, impossibility, operation of law, or breach.

Question 16

In which court must a claimant file an application for payment from the Ohio Real Estate Recovery Fund?

Accepted Answer

ORC 4735.12 requires a verified application in the Franklin County Court of Common Pleas.

Question 17

Which deed provides the GREATEST protection to the grantee?

Accepted Answer

A general warranty deed contains the fullest covenants, warranting title against all defects, including those arising before the grantor owned it.

Question 18

Which is a statutory duty an Ohio agent owes a client?

Accepted Answer

ORC 4735.62 lists reasonable skill and care, following lawful instructions, loyalty, disclosure, advising expert advice, accounting, and confidentiality, including confidentiality owed to prior clients.

Question 19

The minimum down payment typically required on an FHA-insured loan is as low as:

Accepted Answer

FHA allows down payments as low as 3.5%. Zero down is associated with VA and USDA loans.

Question 20

How many total hours of prelicensing education does a new Ohio salesperson applicant need under current law?

Accepted Answer

House Bill 238 reduced the requirement from 120 to 100 hours effective in 2025: 40 principles and practices, 40 Ohio real estate law, 10 appraisal, 10 finance. 120 hours is the former requirement still cited in older materials.

Question 21

Which lien is a specific lien rather than a general lien?

Accepted Answer

Specific liens attach to one property (mortgage, mechanic's, property tax). General liens attach to all of a debtor's property (judgments, IRS liens).

Question 22

How long must an Ohio broker keep complete and accurate transaction records?

Accepted Answer

ORC 4735.18(A)(24) makes failure to maintain complete and accurate records of all transactions for three years a disciplinary ground.

Question 23

The principle that a property's value tends to be set by the cost of an equally desirable substitute is:

Accepted Answer

Substitution: a buyer will pay no more than the cost of an equally desirable alternative.

Question 24

A seller instructs her listing agent not to show the home to buyers of a certain national origin. The agent should:

Accepted Answer

Obedience requires following lawful instructions only. Discriminatory instructions violate fair housing laws and must be refused.

Question 25

A party making an offer to buy is the ____, and the party receiving it is the ____.

Accepted Answer

The offeror makes the offer; the offeree receives it. When a counteroffer is made, the roles swap.

Ohio real estate practice test

1. A borrower pays $4,500 for 1.5 discount points. What is the loan amount?

2. Which set of courses is required within an Ohio licensee's 30 hours of CE?

3. An easement that benefits an adjoining parcel of land is called:

4. A licensee's advertising must generally:

5. The four unities required to create a joint tenancy are:

6. Which person may negotiate the sale of Ohio real estate for another without a real estate license?

7. Using an amortization factor of 4.77415 per $1,000 (30 years at 4%), what is the monthly principal and interest payment on a $250,000 loan?

8. A single-family home rents for $2,100 per month. Comparable homes sell at an ANNUAL gross rent multiplier of 12. What is the estimated value?

9. Which relationship is NOT one of the agency relationships permitted by Ohio's agency statute?

10. The subject property has a garage; a comparable that sold for $300,000 does not. The garage is worth $15,000. The adjusted value of the comparable is:

11. What happens to a licensee's license when the Recovery Fund pays a claim based on that licensee's conduct?

12. In Ohio, taxable (assessed) value equals what percentage of market value?

13. A seller tells the listing agent the roof is two years old; it is actually 15. The agent repeats this to buyers without reason to doubt it. Is the agent liable?

14. In a commercial building, the area that includes the tenant's usable space plus a share of common areas such as lobbies and hallways is the:

15. Which is the most common and desirable way a real estate sales contract terminates?

16. In which court must a claimant file an application for payment from the Ohio Real Estate Recovery Fund?

17. Which deed provides the GREATEST protection to the grantee?

18. Which is a statutory duty an Ohio agent owes a client?

19. The minimum down payment typically required on an FHA-insured loan is as low as:

20. How many total hours of prelicensing education does a new Ohio salesperson applicant need under current law?

21. Which lien is a specific lien rather than a general lien?

22. How long must an Ohio broker keep complete and accurate transaction records?

23. The principle that a property's value tends to be set by the cost of an equally desirable substitute is:

24. A seller instructs her listing agent not to show the home to buyers of a certain national origin. The agent should:

25. A party making an offer to buy is the , and the party receiving it is the .

Sources