Ohio Real Estate Exam Practice Questions And Answers Updated Edition Guaranteed Success 2025/2026

A wealthy business man whishes to change his last will and testament to exclude a relative who recently died. Which document will the testator use to make the change? {Ans: CORRECT ANSWER: codicil RATIONALE An addendum would signify a change in the terms of a contract. A certificate of transfer is the instrument used to convey title to a devise. A transfer on death deed transfers title of a decedent's property upon death. A codicil is used to change a last will and testament.}An owner of a property enters into a purchase money mortgage with a buyer whereby the buyer will make payments to the seller and the seller will continue making payments to the mortgagee. Which clause does the lender enforce when sending a notice to the seller that the loan is due and payable? {Ans: CORRECT ANSWER: alienation The mortgage clause that allows the lender to declare the loan due and payable in the event of a transfer is the alienation clause. Acceleration is the result of borrower default.}Building codes can be enforced by {Ans: CORRECT ANSWER: the issuance of permits Building codes set construction standards; building plans must comply with the code for a