Oregon Real Estate License Law Correct 100%

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. - ANSWER Neither I nor II A person can work as a secretary in a real estate office without obtaining a real estate license. That secretary can legally perform which of the following functions? - ANSWER II only Verify the accuracy of listing information supplied by a broker by checking the records at the county tax office Which of the following constitutes engaging in professional real estate activity as defined by Oregon Law? I. A person who, for a fee, rents real estate owned by others to the public. II. A person who, for a fee, assists owners only in procuring prospective tenants for the owner's rental property. - ANSWER Both I and II Which of the following categories of licensees, without charging a fee, could legally offer a seller an estimate of the sales price of the seller's property for the purpose of obtaining a listing? I. Real Estate Broker II. Principal Real Estate Broker - ANSWER Both I and II An unlicensed personal assistant to a real estate broker could legally do which of the following? - ANSWER Deliver documents to a buyer An Oregon principal real estate broker wants to place a booth in the local shopping mall to display information on listings. The booth will be regularly staffed by licensees. Which of the following statements about requirements is true of this situation? - ANSWER The booth needs to be registered as a branch office. Who of the following is required by Oregon law to have a real estate license? - ANSWER A woman who receives a finders' fee for soliciting buyers for her sister, who is licensed. Under Oregon statutes and administrative rules, which of the following is NOT an activity a real estate property manager licensee may do? - ANSWER List an owner's rental properties for sale. Under Oregon law, if a principal real estate broker establishes an independent contractor relationship with an associated real estate broker: - ANSWER The principal broker must supervise the real estate broker's real estate activities to conform to the Oregon Real Estate License Law and administrative rules Which of the following is NOT an activity that non-licensed employees of a property manager may perform? - ANSWER Negotiate and sign property management agreements with owners. Which of the following individuals is not exempt from licensing law requirements while engaging in property management activity? - ANSWER A limited partner in a limited partnership who, on a part-time basis, is acting under a separate, written property management agreement to rent the real property of the limited partnership Which of the following is true of a personal representative of a deceased person's estate who wishes to sell some of the real estate included in the estate? I. He can advertise the property without a real estate license. II. He can negotiate the sale of the property without a real estate license - ANSWER Both I and II An Oregon resident may engage in real estate without a license if: - ANSWER He deals in estate property as an appointed executor of the estate. According to Oregon administrative rules, if a sole proprietor real estate principal broker dies which of the following statements is FALSE? - ANSWER The sole proprietor broker's listing agreements must be transferred to the Real Estate Commissioner for the purpose of winding up the affairs of the sole proprietor broker.