OREGON REAL ESTATE EXAM (PSI) ACTUAL EXAM
COMPLETE 60 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW!!.
When should a real estate agent present an agency disclosure pamphlet to
each party? ✔✔ANSWER✔✔At first contact, but not limited to in person,
telephone, internet, or email,
If a real estate agent is selling their own home and wants to advertise it, do
they still need approval from their principal broker for the advertising?
✔✔ANSWER✔✔No, review or approval is NOT required if a licensee is
advertising their own property for sale, exchange or lease option, as long as
the property is not listed with their principal broker. ... If the property is
listed with the principal broker, all advertising, even by its licensee owner,
must be reviewed and approved.
Can a real estate agent advertise a property with verbal confirmation from
the property owner? ✔✔ANSWER✔✔No, a real estate agent must have
WRITTEN permission from the property owner to be able to advertise the
property.
Is a licensed real estate agent required to disclose their license status when
selling or advertising their own property? ✔✔ANSWER✔✔YES
, Can a listing contract have an open expiration date? ✔✔ANSWER✔✔No, for
a listing agreement to be valid it must contain a specific expiration date
Upon written acceptance or rejection of an offer a real estate agent must...
✔✔ANSWER✔✔Within 3 banking days provide legible copies of the offer or
counter offer, signed by the seller and buyer, to both the buyer and seller
Who can close real estate transactions? ✔✔ANSWER✔✔escrow agent,
attorney, real estate broker engaged in the transaction, and principal broker.
If a broker is to close a real estate transaction what must first happen?
✔✔ANSWER✔✔Have written authorization from the principal broker and be
under the principal broker's direct supervision.
If nothing is in writing saying an escrow agent or an attorney is to close the
transaction, what must happen? ✔✔ANSWER✔✔The principal broker must
close the transaction
In Oregon, the time of possession for adverse possession is?
✔✔ANSWER✔✔10 Years
land-use planning in Oregon is administered by? ✔✔ANSWER✔✔Land
Conservation and Development Commission (LCDC)
Is a deed that is not dated, acknowledged, or recorded valid?
✔✔ANSWER✔✔YES
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