Besides financial management, ORC 4735.07(B)(6)(b) requires thirty hours each in three other business-management subjects for broker applicants. Which set correctly lists them?
A. Property management, marketing, and appraisal review
B. Human resource management, applied business economics, and business law
C. Contract law, escrow administration, and fair housing law
D. Risk management, insurance law, and title examination
Source: ORC 4735.07(B)(6)(b)
A broker is reviewing a purchase agreement involving “bilateral contract.” Which contract analysis is most accurate?
A. One party's promise is accepted by performance
B. A protected party may affirm or avoid it because of a defect
C. The optionee gets the right, not obligation, to buy or lease under terms
D. Both parties exchange promises
Source: Cornell Legal Information Institute, Wex — 'contract,' headings 'Elements of Consideration and Mutual Assent,' 'Governing Law,' and 'Remedies for Breach of Contract'; https://www.law.cornell.edu/wex/contract
A closing file raises a question about “proration at closing.” Which statement correctly describes its title or transfer effect?
A. A claim, lien, or defect that may impair title is a cloud
B. Escrow holds and disburses funds/documents under instructions
C. The grantor conveys; the grantee receives the interest
D. Proration allocates expenses or income between buyer and seller
Source: Cornell LII Wex — 'deed,' deed function, grantor/grantee elements, legal description, delivery, and recording; https://www.law.cornell.edu/wex/deed
A broker is helping the parties distinguish “cloud on title” from related closing concepts. Which explanation is accurate?
A. Proration allocates expenses or income between buyer and seller
B. The grantor conveys; the grantee receives the interest
C. Escrow holds and disburses funds/documents under instructions
D. A claim, lien, or defect that may impair title is a cloud
Source: Cornell LII Wex — 'recording,' recording, constructive notice, chain-of-title review, and jurisdictional recording acts; https://www.law.cornell.edu/wex/recording
A broker is updating written procedures concerning “fair housing protected class.” Which provision is most accurate?
A. Directing buyers based on protected-class assumptions creates fair-housing risk
B. Race, color, religion, sex, disability, familial status, and national origin are federally protected
C. Reasonable access and fair treatment should be considered for prospects with disabilities
D. It exploits fear about protected-class changes to induce transactions
Source: U.S. Department of Housing and Urban Development — Fair Housing Act Overview, headings 'What Types of Housing Are Covered?' and 'What Is Prohibited?'; https://www.hud.gov/helping-americans/fair-housing-act-overview
