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21. P sues D for the breach of a real estate contract, claiming $121,500 in damages. In which court is the case most likely to
21. P sues D for the breach of a real estate contract, claiming $121,500 in damages. In which court is the case most likely to be tried? O (a) County Court O (b) Court of Common Pleas O (c) Municipal Court O (d) Ohio Real Estate Court 22. Under current Ohio law, the most important consideration in the determination of whether a lessee's improvement to real property is a fixture is the O (a) cost of the fixture. O (b) intention of the court. O (c) intention of the lessee. O (d) size of the fixture. 23. All real estate advertising must include the name of the O (a) agent (b) broker or brokerage O (c) seller. 0 (d) street 24. X's property has the following liens against it (all in the same year): 1. A first mortgage that was recorded January 15th; 2. A property tax lien that attached May 15th; 3. A mechanic's lien recorded on May 20th; however, work began on May 2nd: 4. A judgment lien recorded May 1st. When X's property is sold at foreclosure, which is the correct order to pay off the liens? O (a) 1, 3, 4,2 (b) 1,4,3,2 O (c) 2, 1,4,3 O (d) 2, 4, 1,3 25. A probable example of a patent defect is a O (a) bad well O (b) deteriorated driveway with visible past repairs O (c) termite infestation O (d) worn out septic tank. 26. When a salesperson is the listing agent and is offering a listed property that she feels is overpriced, the correct action is to (a) not quote any price. (b) quote only the listed price. (c) tell prospective buyers to look at other properties. O (d) tell prospective buyers what she feels the price should be. 27. Which statement in regard to an option on real property is TRUE? O (a) An option is binding only on the optionee. (b) An option is usually given by the owner of the real property to be optioned. O (c) An option is voidable by the optioner. O (d) An option must be enforced by a suit filed by the optionor. 28. Under Federal and/or Ohio Civil Rights laws, which can be held liable for unlawful discrimination? O (a) multiple listing service O (b) rental agent O (c) resident manager (d) all of the above 29. Under Ohio law, it is mandatory that every listing agreement have a(n) (a) extension clause. O (b) referral date. O (c) sale date. O (d) termination date 30. Which is a broker's favorite type of listing agreement? O (a) exclusive agency agreement O (b) exclusive right to sell agreement O (c) notarized listing agreement (d) open listing
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