Principles, Property, and Land Use Practice Question

Question

A seller is preparing to list a home for the Ohio Real Estate Salesperson Exam involving loan-to-value and Ohio Division of Real Estate. Which response best applies the rule? (Item 19)

Answer choices

1. A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
2. B. The client’s preference eliminates the need to disclose known material facts.
3. C. Interpret the relationship between loan amount and property value in a way that fits Ohio exam practice.
4. D. The party who complains first automatically receives the remedy requested.

Correct Answer

C. Interpret the relationship between loan amount and property value in a way that fits Ohio exam practice.

Explanation

The correct answer is C because loan-to-value requires candidates to interpret the relationship between loan amount and property value. The Ohio reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.

Question details

• Difficulty: medium
• Domain: Principles, Property, and Land Use
• Objective: loan-to-value

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