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Real Estate Salesperson Exam — National Portion

Trust money (OH): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Ohio

A purchase agreement has Ohio's two-year earnest money clause. The dispute stays unresolved with no instructions or suit. What must the broker do?

  1. Remit it to the recovery fund
  2. Hold it until both parties sign a release
  3. Return it to the purchaser by the following Sept. 1
  4. Pay it to the seller once two full years have passed since deposit
Show the answer

C. Return it to the purchaser by the following Sept. 1 — Ohio Rev. Code 4735.24(B)-(C)(1) (as amended by S.B. 155, eff. 3/2/2026).

Question 2 · Ohio

Which describes the broker's general trust account required in Ohio?

  1. Combined with operating funds if ledgered
  2. Noninterest-bearing, at an institution located in Ohio
  3. Held at any FDIC-insured bank
  4. Interest-bearing, with all interest paid to the broker monthly
Show the answer

B. Noninterest-bearing, at an institution located in Ohio — Ohio Rev. Code 4735.18(A)(26).

Question 3 · Ohio

How long must an Ohio licensee keep complete transaction records?

  1. Three years from the transaction
  2. Five years from the closing date of the sale
  3. Seven years from the listing date
  4. One year after renewal
Show the answer

A. Three years from the transaction — Ohio Rev. Code 4735.18(A)(24).

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