Oregon Real Estate Exam (PSI) Questions with correct answers THE CODE, Oregon Real Estate Exam (PSI) Questions with 100% correct answers Oregon real estate related statutes (Questions with complete solution) Oregon Real Estate Broker License (100% verified) Oregon Real Estate Agencies (100% verifie...
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How many consecutive years of non-use of water does one lose their water rights in Oregon? correct answers 5 consecutive years, the right is considered forfeited Who must register the business name? correct answers Principal Broker, must register the business name with REA-(Real Estate Agency) un...
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Add to cartHow many consecutive years of non-use of water does one lose their water rights in Oregon? correct answers 5 consecutive years, the right is considered forfeited Who must register the business name? correct answers Principal Broker, must register the business name with REA-(Real Estate Agency) un...
Constructive eviction correct answers Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance correct answers Mutual agreement to terminate lease The residential landlord and tenant act correct answ...
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Add to cartConstructive eviction correct answers Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance correct answers Mutual agreement to terminate lease The residential landlord and tenant act correct answ...
A branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest in the development. 11. temporary structure for dissemination of information. correct answers Neither I nor 11 A person can work as a secretary in a real estate of...
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Add to cartA branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest in the development. 11. temporary structure for dissemination of information. correct answers Neither I nor 11 A person can work as a secretary in a real estate of...
An exception to title insurance coverage is correct answers defects that clearly appear in the title search. A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the listing broker at the ...
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Add to cartAn exception to title insurance coverage is correct answers defects that clearly appear in the title search. A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the listing broker at the ...
Within how many business days from the date a client's trust account is opened, a licensed real estate property manager or principal real estate broker shall notify the Real Estate Agency that the account has been opened? correct answers 10 Within how many business days from the date a clients'...
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Add to cartWithin how many business days from the date a client's trust account is opened, a licensed real estate property manager or principal real estate broker shall notify the Real Estate Agency that the account has been opened? correct answers 10 Within how many business days from the date a clients'...
An example of novation is that the correct answers seller's liability for the obligation is replaced by the buyer's. Under Oregon law in a month-to-month tenancy, the landlord has a right to correct answers terminate a tenant's occupancy after 30 days' written notice. To realize the maximu...
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Add to cartAn example of novation is that the correct answers seller's liability for the obligation is replaced by the buyer's. Under Oregon law in a month-to-month tenancy, the landlord has a right to correct answers terminate a tenant's occupancy after 30 days' written notice. To realize the maximu...
How many days notice must The Agency provide before performing a compliance review? correct answers 5 days How long can a real estate broker's license be expired before it lapses? correct answers 1 year who is not allowed to be an authorized signer on a property management trust account? corr...
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Add to cartHow many days notice must The Agency provide before performing a compliance review? correct answers 5 days How long can a real estate broker's license be expired before it lapses? correct answers 1 year who is not allowed to be an authorized signer on a property management trust account? corr...
An unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have...
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Add to cartAn unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have...
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? correct answers Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. correct answers are of indeterminable duration. The economi...
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Add to cartHow does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? correct answers Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. correct answers are of indeterminable duration. The economi...
Promissory note for earnest money to be made payable at? correct answers Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- correct answers yes social networking sites are advertising and must be supervised and approved by principal broker. .Which of ...
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Add to cartPromissory note for earnest money to be made payable at? correct answers Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- correct answers yes social networking sites are advertising and must be supervised and approved by principal broker. .Which of ...
Ratification correct answers the confirmation of an act already preformed on behalf of another person without prior authorization. Commingling correct answers To mingle or mix funds, illegal Conversion correct answers Mishandling client funds Option correct answers unilateral real estate ag...
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Add to cartRatification correct answers the confirmation of an act already preformed on behalf of another person without prior authorization. Commingling correct answers To mingle or mix funds, illegal Conversion correct answers Mishandling client funds Option correct answers unilateral real estate ag...
The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: correct answers give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land...
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Add to cartThe buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: correct answers give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land...
Do social networking sites have to be supervised by the principal broker? correct answers Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? correct answers An auctioneer who is auctioning homes must have license - someone ...
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Add to cartDo social networking sites have to be supervised by the principal broker? correct answers Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? correct answers An auctioneer who is auctioning homes must have license - someone ...
A few days after an owner signed a listing agreement he told the broker that he would not sell to anyone who was single or divorced. Under Oregon law, which of the following statements are TRUE regarding this situation? I. Discrimination based on marital status is covered by Oregon statutes. II....
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Add to cartA few days after an owner signed a listing agreement he told the broker that he would not sell to anyone who was single or divorced. Under Oregon law, which of the following statements are TRUE regarding this situation? I. Discrimination based on marital status is covered by Oregon statutes. II....
A branch office registration is necessary to use a: I. Model unit, available for sale, in a subdivision for promotion of interest in the development. II. Temporary structure for dissemination of information. correct answers Neither I nor II A person can work as a secretary in a real estate off...
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Add to cartA branch office registration is necessary to use a: I. Model unit, available for sale, in a subdivision for promotion of interest in the development. II. Temporary structure for dissemination of information. correct answers Neither I nor II A person can work as a secretary in a real estate off...
Crops could be used as _______________ on a loan? correct answers Security Syndicates may be organized as which of the following: correct answers Trust, Joint Venture, and Corporation MOG rights for real property refer to ________________________________? correct answers Mineral, Oil, and Gas ...
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Add to cartCrops could be used as _______________ on a loan? correct answers Security Syndicates may be organized as which of the following: correct answers Trust, Joint Venture, and Corporation MOG rights for real property refer to ________________________________? correct answers Mineral, Oil, and Gas ...
Earnest money can be in the form of correct answers cash or check and/or promissory note Real estate sales commissions are usually paid by the correct answers seller Open spaces with half cubicles are often referred to as a correct answers bull pens An escrow agent acts as a ____ party corr...
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Add to cartEarnest money can be in the form of correct answers cash or check and/or promissory note Real estate sales commissions are usually paid by the correct answers seller Open spaces with half cubicles are often referred to as a correct answers bull pens An escrow agent acts as a ____ party corr...
How many days does a principal broker have to provide the name and account number of the bank after opening a trust account? correct answers 10 business days What is the age a person has to be to get a reverse mortgage? correct answers 62 years old and if married both persons must be at least 62 ...
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Add to cartHow many days does a principal broker have to provide the name and account number of the bank after opening a trust account? correct answers 10 business days What is the age a person has to be to get a reverse mortgage? correct answers 62 years old and if married both persons must be at least 62 ...
An unlicensed personal assistant to a real estate broker could legally do which of the following? correct answers Deliver documents to a buyer. An Oregon real estate license must be held by a person who performs which of the following acts? correct answers 1. Take a listing from a real property o...
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Add to cartAn unlicensed personal assistant to a real estate broker could legally do which of the following? correct answers Deliver documents to a buyer. An Oregon real estate license must be held by a person who performs which of the following acts? correct answers 1. Take a listing from a real property o...
Do social networking sites have to be supervised by the principal broker? correct answers Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? correct answers An auctioneer who is auctioning homes must have license - someone ...
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Add to cartDo social networking sites have to be supervised by the principal broker? correct answers Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? correct answers An auctioneer who is auctioning homes must have license - someone ...
When does oregon's property tax year begin? correct answers July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? correct answers junior lenders b/c they are in a secondary position when it comes to liens against the property and reali...
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Add to cartWhen does oregon's property tax year begin? correct answers July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? correct answers junior lenders b/c they are in a secondary position when it comes to liens against the property and reali...
Principal Broker correct answers A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be correct answers 18 years of age; background check; educ...
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Add to cartPrincipal Broker correct answers A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be correct answers 18 years of age; background check; educ...
Oregon Real Estate (State) Agency correct answers The Oregon Real Estate Agency is a state government agency. It licenses real estate brokers, principal brokers and property managers. The Agency administers the laws and rules that apply to people who conduct professional real estate activity in Oreg...
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Add to cartOregon Real Estate (State) Agency correct answers The Oregon Real Estate Agency is a state government agency. It licenses real estate brokers, principal brokers and property managers. The Agency administers the laws and rules that apply to people who conduct professional real estate activity in Oreg...
A branch office registration is necessary to use a model unit, available for sale, in a subdivision for promotion of interest in the development. temporary structure for dissemination of information. I only II only Both I and II Neither I nor II correct answers Neither I nor II Which of th...
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Add to cartA branch office registration is necessary to use a model unit, available for sale, in a subdivision for promotion of interest in the development. temporary structure for dissemination of information. I only II only Both I and II Neither I nor II correct answers Neither I nor II Which of th...
2 types of property ownership correct answers personal property real property boundaries within a parcel and one of the basic components of real property correct answers land land and anything permanently affixed to the land (fixtures) correct answers real estate includes land, fixtures at...
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Add to cart2 types of property ownership correct answers personal property real property boundaries within a parcel and one of the basic components of real property correct answers land land and anything permanently affixed to the land (fixtures) correct answers real estate includes land, fixtures at...
Restrictions limiting the use and occupancy of real property to persons of only one specific race correct answers are void and unenforceable. The sale or lease of a commodity through an intermediary who usually acts as an agent for one of the parties defines the concept of correct answers brokera...
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Add to cartRestrictions limiting the use and occupancy of real property to persons of only one specific race correct answers are void and unenforceable. The sale or lease of a commodity through an intermediary who usually acts as an agent for one of the parties defines the concept of correct answers brokera...
Do you need a real estate license to sell a mobile home on a rented space? correct answers No! Does the real estate agent with a lapsed license need to have an active license when lease-optioning personally-owned real estate? correct answers No - but they must do all other duties as if they WERE ...
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Add to cartDo you need a real estate license to sell a mobile home on a rented space? correct answers No! Does the real estate agent with a lapsed license need to have an active license when lease-optioning personally-owned real estate? correct answers No - but they must do all other duties as if they WERE ...
How long must real estate documents be kept? correct answers 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? correct answers Principal broker When should the principal broker review brokers documents? correct answers 7 days of the document...
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Add to cartHow long must real estate documents be kept? correct answers 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? correct answers Principal broker When should the principal broker review brokers documents? correct answers 7 days of the document...
What is the Allodial System? correct answers The United States has adopted the allodial system of land ownership. The individual states also adopted the allodial system. The allodial system provides for individual ownership of property entitling that individual to enjoy the full rights of ownership ...
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Add to cartWhat is the Allodial System? correct answers The United States has adopted the allodial system of land ownership. The individual states also adopted the allodial system. The allodial system provides for individual ownership of property entitling that individual to enjoy the full rights of ownership ...
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