Ohio Real Estate Salesperson Cheat Sheet.
The night-before summary, built like the exam.

Ohio exam at a glance

Both portions required. The national portion is 80 questions and the state portion is 40, giving 120 questions in a 180-minute session — 90 seconds per question. The passing score is 70, and the same 70 standard applies to the application.

Ohio numbers to memorise

• Prelicense education by subject: 40 hours principles and practices, 40 hours Ohio real estate law, 10 hours appraisal, 10 hours finance — 100 hours across the four.
• Combined exam fee $66; application fee $81.
• Minimum age 18.
• Post-license education 20 hours, due within 12 months of licensure.

Agency: OLD CAR

Obedience, loyalty, disclosure, confidentiality, accounting, reasonable care. Loyalty puts the principal first; accounting bars commingling entrusted funds. Confidentiality survives termination. Dual agency needs informed written consent from both sides. Customers get only honesty, fair dealing and disclosure of material defects.

Listings: who earns the commission

• Exclusive right to sell — broker paid regardless of who finds the buyer.
• Exclusive agency — broker paid unless the seller finds the buyer.
• Open — only the procuring broker is paid.

Deeds: what is warranted

• General warranty — the most protection, covering defects from any time.
• Special warranty — only defects arising during the grantor's ownership.
• Quitclaim — warrants nothing; conveys only whatever interest exists.

A valid deed needs competent parties, words of conveyance, an adequate description and delivery.

Fair housing: the seven classes

Race, colour, religion, national origin, sex, disability, familial status. Steering channels by class; blockbusting induces sales by suggesting who is moving in; redlining denies loans by area. Advertising a preference is prohibited regardless of intent. The 1866 Act bars all racial discrimination with no exemption.

Math setup

• Commission = sale price x rate, splits applied in sequence.
• LTV = loan amount / the LESSER of appraised value or sale price.
• Value = net operating income / capitalization rate.
• GRM = sale price / monthly rent.
• Check whether the question uses a 360-day banker's year before prorating.