Before you read
Test yourself first: 5 questions
Question 1 of 5
When must an Ohio agent first provide the Agency Disclosure Statement in most transactions?
Answer: B. The Agency Disclosure Statement is intended to clarify representation, so it must be provided in time for the consumer to understand who represents whom before committing to a purchase contract.
Question 2 of 5
Under Ohio license law, when must a licensee provide the Agency Disclosure Statement to a party in a real estate transaction?
Answer: D. Ohio requires the Agency Disclosure Statement to be presented and signed before a purchase contract is signed - specifically by the time an offer is prepared or presented - so each party understands which agency relationships exist before committing.
Question 3 of 5
An Ohio salesperson is filling out a standard purchase contract form for clients. What is the salesperson permitted to do regarding contract terms?
Answer: B. Ohio licensees may complete standardized, pre-printed contract forms by filling in transaction details at the parties' direction. Drafting original legal clauses or advising on legal effect constitutes the unauthorized practice of law; complex or unusual terms should be referred to an attorney.
Question 4 of 5
Where must an Ohio licensee deposit earnest money and other trust funds received in a transaction?
Answer: B. Trust funds such as earnest money must be deposited into the broker's trust/special account and kept separate from the broker's own funds; commingling is prohibited.
Question 5 of 5
An Ohio brokerage's written company policy on agency must address how the brokerage will handle which situation?
Answer: B. Ohio requires brokerages to maintain a written brokerage policy on agency that explains the types of agency relationships offered, including how dual agency and representation of multiple clients in the same transaction are handled.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Earnest money and other funds the broker holds for a transaction must be placed in a trust or escrow account and kept separate from the broker's own funds, with no commingling. Because Ohio is not a community-property state, marital interests in real property are addressed under other Ohio law rather than community-property rules, which can affect who must sign transaction documents.
Ohio Contract & Transaction Specifics: FAQs
Is Ohio Contract & Transaction Specifics on the real estate exam?
Yes. State License Law is a scored domain on the Ohio real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Ohio test this differently?
Ohio applies its own license law on top of the national portion. This page covers the Ohio rules specifically, which is what the state section of your exam tests.
