Oregon: Regulation of Broker Activities & Property Management & Document handling and recording Exam 2023 with complete solution
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Course
Regulation of Broker Activities & Property Manage
Institution
Regulation Of Broker Activities & Property Manage
Oregon: Regulation of Broker Activities & Property Management & Document handling and recording Exam 2023 with complete solution
Any promotional material distributed by an Oregon real estate broker associated with a principal real estate broker
1. must comply with all fair housing laws.
2. m...
oregon regulation of broker activities amp property management amp document handling and recording exam 2023 with complete solution any promotional material distributed by an oregon real estate
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Oregon: Regulation of Broker Activities & Property
Management & Document handling and recording Exam
2023 with complete solution
Any promotional material distributed by an Oregon real estate broker associated with a
principal real estate broker
1. must comply with all fair housing laws.
2. may contain the direct telephone number of the real estate broker if the principal
broker's licensed name or registered business name is given (the registered business
name must be used if there is one).
Any promotional material distributed by an Oregon real estate broker associated with a
principal real estate broker
All advertising for tenants by a real estate property manager licensee must
1. be reviewed by the property manager if prepared by the manager's non-licensed
employees.
2. include the property manager's licensed name.
All advertising for the rental of an owner's rental properties managed by a principal real
estate broker must:
1. include the registered name of the principal broker.
2. comply with all anti-discrimination laws
Which of the following is a supervision responsibility of an Oregon principal real estate
broker under the Real Estate License Law and Administrative Rules?
Both.
1. The purchase or sale of associated brokers' own real property
2. Advertising written by associated brokers for the principal broker's listings
An Oregon real estate broker associated with a principal real estate broker would be in
violation of the Real Estate License Law and Administrative Rules if he
Both.
1. sold his own real property without the supervision of his principal broker.
2. did not reveal to the other party that he is a real estate licensee when selling his own
real property.
Every listing must
1. contain a definite expiration date.
2. be reviewed by the principal broker or manager of a branch office within seven days
of the date the listing is written.
Under Oregon administrative rules, if a principal broker obtains a listing for the sale of
rental property as part of a property management agreement with the owner of the
property
Both.
1. the listing agreement must be set forth and signed separately.
, 2. the compensation must be disclosed.
In a real estate transaction the listing principal broker receiving an earnest money
deposit must
A and B.
a. hold the funds in trust for both buyer and seller.
b. state in the receipt the specific nature of the earnest money - cash, check, or
promissory note.
Under Oregon Administrative Rules, which of the following is not required to be included
in an earnest money agreement?
The name of the lender from whom the buyer will secure financing
A broker associated with a principal real estate broker wrote an offer for a buyer, which
the buyer signed. The offer did not provide for an earnest money deposit. Which of the
following statements is true concerning this situation?
A contract would be formed on acceptance without existence of a deposit but the listing
broker should advise the seller of the risks of having no earnest money and advise a
counter-offer to include an appropriate earnest money deposit.
A principal real estate broker accepted a $6,000 check as earnest money on a Saturday
evening. There was no statement in the sales agreement that the check was to be held
by the principal broker until the seller's acceptance or rejection of the offer. In this case,
what is the deadline for the principal broker to deposit the money into escrow or the
principal broker's clients' trust account according to Oregon administrative rules?
BY close of the following wednesday
A real estate broker received a check from a buyer as an earnest money deposit on a
listing held by his principal broker. There was no statement in the sales agreement
directing the principal broker to hold the check until the seller either accepted or rejected
the offer. The principal broker must deposit the check in a neutral escrow account or
into the his clients' trust account within what period of time according to Oregon
administrative rule?
Prior to the close of business of the third banking day after the day the check is received
Helen, a principal real estate broker, received a $5,000 check as a deposit with an offer
to purchase on Monday. There was no statement in the sales agreement directing her
to hold the check until the seller either accepted or rejected the offer. Helen discovered
the seller was on vacation for seven days. To comply with Oregon administrative rules,
Helen should
deposit the check in her clients' trust account or in a neutral escrow depository by the
close of business on Thursday.
An offer along with a check for earnest money was submitted to a principal real estate
broker on a Saturday morning. There was no statement in the offer directing the
principal broker to hold the check until the seller either accepted or rejected the offer.
Oregon administrative rules require the principal broker to deposit the earnest money in
the principal broker's clients' trust account or in a neutral escrow depository by
Close of buisness on wednesday
A principal real estate broker's or property manager's records of his clients' trust
account must contain the date and
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