Property Ownership
Ohio's 'Conveyance Fee Statement' (DTE 100) filed with the county auditor at the time of a property transfer is used to:
AEstablish the listing agent's commission
BCalculate and collect the conveyance (transfer) fee and update the county's ownership records✓ Correct
CFile the deed with the Ohio Secretary of State
DVerify the buyer's financing
Explanation
The DTE 100 (Real Property Conveyance Fee Statement of Value and Receipt) is required at the time of transfer in Ohio to calculate the conveyance fee, update the county auditor's ownership records, and assess property taxes for the new owner.
Related Ohio Property Ownership Questions
- Which type of legal description is most commonly used in Ohio's urban areas?
- The 'bundle of rights' in real estate includes all of the following EXCEPT:
- What is the Ohio Homestead Exemption and who qualifies?
- In Ohio, a deed that contains a 'habendum clause' ('to have and to hold') serves to:
- In Ohio, a 'tax deed' is issued when:
- Which Ohio deed type guarantees title only against claims arising during the grantor's period of ownership?
- In Ohio, the 'right of exclusion' in the bundle of rights allows an owner to:
- In Ohio, which of the following statements about the Ohio Condominium Property Act (ORC Chapter 5311) is TRUE?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →