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Exam Review

Key Facts: OH RE Broker Exam

115

Exam Items (75 national + 40 state)

PSI bulletin

75%

Passing Score (each portion)

PSI bulletin

180 min

Time for Both Portions

PSI bulletin

240 hrs

Required College Coursework

ORC 4735.07

2 of 5 yrs

Licensed Experience

ORC 4735.07

$201

Application + Exam Fees

ORC 4735.06 and PSI

Ohio broker candidates need at least two of the past five years as a licensee, 20 transactions or equivalent experience, and 240 hours of required college courses. PSI's exam has 115 items (75 national scored on 80 points, 40 state) in 180 minutes, and you need 75% on each portion. The state portion tests Ohio Real Estate Commission rules, trust accounts, broker lien law and brokerage relationships.

Sample OH RE Broker Practice Questions

Try these sample questions to review concepts for the OH RE Broker exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which Ohio state agency has primary regulatory authority over real estate brokers?
A.Ohio Division of Real Estate & Professional Licensing
B.Ohio Real Estate Commission
C.Ohio Department of Commerce
D.Ohio Attorney General's Office
Explanation: The Ohio Division of Real Estate & Professional Licensing, within the Ohio Department of Commerce, is the state agency that regulates real estate brokers. The Division oversees licensing, education, trust accounts, and enforcement of Ohio's real estate license law under ORC Chapter 4735.
2How many hours of pre-license education does Ohio require for a real estate broker license?
A.120 hours
B.180 hours
C.60 hours
D.200 hours
Explanation: Ohio broker candidates licensed as salespersons from August 1, 2001 complete 120 hours of real estate coursework (Principles and Practices 40, Ohio Real Estate Law 40, Appraisal 20, Finance 20) plus four business courses: financial management, human resources or personnel management, applied business economics, and business law (Ohio Division of Real Estate).
3An Ohio broker must deposit earnest money into the trust account within what timeframe after contract acceptance?
A.2 business days
B.5 business days
C.Next business day
D.3 business days
Explanation: Ohio law requires brokers to deposit earnest money into the trust account within 2 business days of contract acceptance. This strict timeline ensures client funds are promptly secured. Failure to comply is a violation of ORC Chapter 4735 and can result in disciplinary action by the Ohio Real Estate Commission.
4What is the minimum number of years of active salesperson experience required for an Ohio broker license?
A.2 years
B.3 years
C.5 years
D.1 year
Explanation: Ohio requires a minimum of 24 months (2 years) of active salesperson experience under a licensed Ohio broker. During this period, the applicant must have completed a sufficient number of real estate transactions to demonstrate competency. This is shorter than many other states' experience requirements for broker licensing.
5Under Ohio Revised Code Chapter 4735, the Ohio Real Estate Commission has the power to:
A.Suspend, revoke, or refuse to renew a broker's license for violations of license law
B.Set commission rates for all brokers in Ohio
C.Approve or deny all real estate transactions in Ohio
D.Determine property values for tax assessment purposes
Explanation: The Ohio Real Estate Commission, established under ORC Chapter 4735, has the power to suspend, revoke, or refuse to renew licenses for violations of real estate license law. The Commission also holds hearings on disciplinary matters, issues consent agreements, and imposes fines. It does not set commission rates or approve individual transactions.
6In Ohio, the Agency Disclosure Statement must be provided to a consumer:
A.At the earliest practicable time but no later than before the consumer signs any contractual document
B.Only after the contract is fully executed
C.Only if the consumer specifically requests it
D.Within 30 days of closing
Explanation: Ohio law requires the Agency Disclosure Statement to be provided at the earliest practicable time, but no later than before the consumer signs any contractual document. This ensures consumers understand the agency relationship before making binding decisions. The disclosure must explain client-level vs customer-level services and the chosen relationship type.
7Ohio distinguishes between 'client-level' and 'customer-level' services. A client receives:
A.Full fiduciary duties including loyalty, confidentiality, obedience, disclosure, and accounting
B.Only basic information about available properties
C.Transaction coordination without any duty of loyalty
D.The same level of service as a customer
Explanation: In Ohio, a client receives full fiduciary duties from their agent, including loyalty, confidentiality, obedience, full disclosure, accounting, and reasonable care and diligence. A customer receives honest and fair dealing, material fact disclosure, and general assistance, but not the full fiduciary duties. This distinction is fundamental to Ohio agency law.
8Ohio's Residential Property Disclosure Form must be provided by the seller before:
A.The purchase agreement is signed
B.The closing date
C.The home inspection
D.The appraisal is completed
Explanation: Ohio law requires the seller to provide the Residential Property Disclosure Form before the purchase agreement is signed. This gives the buyer the opportunity to review known property conditions before making a binding commitment. The form covers structural, mechanical, environmental, and other property conditions known to the seller.
9An Ohio broker's trust account must be held at:
A.An FDIC-insured institution located in Ohio
B.Any bank in the United States
C.A bank approved by the Ohio Real Estate Commission
D.A credit union that is not FDIC-insured
Explanation: Ohio requires broker trust accounts to be held at an FDIC-insured institution located in Ohio. This ensures the funds are federally insured and accessible for Division of Real Estate audits. The account must be designated as a trust or escrow account and clearly identified as holding client funds, not the broker's personal or business funds.
10Ohio property taxes are assessed at what percentage of the appraised (market) value?
A.35%
B.100%
C.50%
D.25%
Explanation: Ohio assesses property taxes at 35% of the appraised (fair market) value, which is called the 'assessed value.' The tax rate (millage) is then applied to this assessed value. For example, a property appraised at $200,000 would have an assessed value of $70,000. This 35% assessment rate is unique to Ohio and is a commonly tested topic on the broker exam.

About the OH RE Broker Exam

The Ohio real estate broker exam has 115 multiple-choice items administered by PSI: a 75-item national portion scored on 80 points (some scenario questions are worth up to two points) and a 40-item Ohio portion. It covers real estate practice, contracts, agency, finance, valuation and broker supervision, plus Ohio license law, trust accounts and brokerage relationships.

Exam sponsor: Ohio Division of Real Estate / PSI. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

115 questions

Time Limit

180 minutes

Passing Score

75%

Exam / Certification Fees

$201 ($135 application + $66 PSI exam)

Exam sponsor website

Reported exam pass rate: Not published. PSI's candidate bulletin publishes no pass rate Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

10%

National: Property Ownership

Real and personal property, legal descriptions, encumbrances, and types of ownership

5%

National: Land Use Controls

Government rights including property taxes, eminent domain and escheat, government land-use controls, and private restrictions

8%

National: Valuation

Appraisals, sales comparison, cost and income approaches, and comparative market analysis

9%

National: Financing

Loan terms (points, LTV, PMI, PITI), underwriting, loan types, and RESPA, TILA, TRID and ECOA

19%

National: Contracts

Contract law, purchase and lease contracts, electronic signatures, and multiple offers

13%

National: Agency

Agency relationships and listing contracts, agent duties, and agency disclosures

7%

National: Property Disclosures

Property condition, environmental and government disclosures, and material facts

5%

National: Property Management

Tenant procurement, maintenance, trust accounts and management contracts (broker-only items)

6%

National: Transfer of Title

Deeds, title insurance and searches, closing, and foreclosure, short sale and probate transfers

12%

National: Practice of Real Estate

Fair housing and ADA, antitrust, do-not-call and advertising rules, handling funds, and broker supervision

6%

National: Real Estate Calculations

Net proceeds, funds to close, prorations, transfer fees, PITI, equity, cap rates, LTV and points

4 items

Ohio: State Governance of the Real Estate Profession

Governing bodies, audits, investigations and hearings, violations and penalties, and the recovery fund

6 items

Ohio: Licensing Requirements

Activities requiring a license, renewal, license status changes, and post-license and continuing education

16 items

Ohio: License Law and Rules of the Ohio Real Estate Commission

Advertising, broker-salesperson agreements, commissions, records, handling money, trust accounts, listings, offers, broker lien law, ancillary trustee, property management and Ohio fair housing

14 items

Ohio: Brokerage Relationships (Agency Law)

Creating and ending agency, duties to clients and customers, confidentiality, agency disclosure, unauthorized practice of law, and the canons of ethics

Preparing for the OH RE Broker Exam

What You Need to Know

  • Passing score: 75%
  • Exam length: 115 questions
  • Time limit: 180 minutes
  • Exam / certification fees: $201 ($135 application + $66 PSI exam) Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

OH RE Broker: Suggested Study Strategy

1Master Ohio trust account rules: 2 business day deposit requirement, record-keeping standards, Ohio Division of Real Estate audit procedures, and broker personal liability
2Know ORC Chapter 4735 thoroughly: Ohio Real Estate Commission powers, disciplinary process, license suspension vs revocation, grounds for discipline, and fine schedules
3Study broker supervision duties: review of contracts, advertising approval, associate training requirements, and proper handling of complaints
4Understand Ohio's property tax system: 35% assessment rate, millage calculations, CAUV for agricultural land, and tax lien priority
5Learn Ohio-specific agency relationships: client-level vs customer-level services, dual agency disclosure requirements, and the Agency Disclosure Statement

Frequently Asked Questions

How hard is the Ohio real estate broker exam?

The broker exam has a 75-item national portion scored on 80 points, with scenario questions worth up to two points, in 120 minutes and a 40-item Ohio portion in 60 minutes. You need 75% on each portion, higher than the 70% salesperson standard. PSI does not publish pass rates in its bulletin.

What are the prerequisites for an OH broker license?

You must have been a licensed Ohio broker or salesperson for at least two of the past five years and completed 20 transactions or equivalent experience. You also need college courses: 40 hours of real estate practice, 40 hours of Ohio law and civil rights, 20 hours each of appraisal and finance, and 30 hours each of financial management, human resource management, applied business economics and business law.

How does Ohio handle trust account requirements for brokers?

Ohio brokers must maintain trust accounts in an Ohio-based FDIC-insured institution. Earnest money must be deposited within 2 business days of contract acceptance. Brokers are personally liable for trust fund shortages and must maintain accurate records. The Ohio Division of Real Estate can audit trust accounts, and violations can result in license suspension or revocation.

What is the Ohio Residential Property Disclosure Form?

Ohio law requires sellers of residential property (1-4 units) to complete a Residential Property Disclosure Form before the purchase agreement is signed. The form covers known defects, environmental hazards, structural issues, and utility information. Brokers must ensure this form is provided and cannot complete the form on behalf of the seller.