AYPO - Oregon Real Estate Broker License Education Review UPDATED ACTUAL Questions and CORRECT Answers
1 view 0 purchase
Course
AYPO - Oregon Real Estate
Institution
AYPO - Oregon Real Estate
AYPO - Oregon Real Estate Broker License
Education Review UPDATED ACTUAL
Questions and CORRECT Answers
What is a tax allocation district? - CORRECT ANSWER- A district where property is
charged a higher property tax in order to build infrastructure for that area
Which of the following is a f...
AYPO - Oregon Real Estate Broker License
Education Review UPDATED ACTUAL
Questions and CORRECT Answers
What is a tax allocation district? - CORRECT ANSWER✔✔- A district where property is
charged a higher property tax in order to build infrastructure for that area
Which of the following is a factor that affects accessibility?
a. Continuity Incorrect
b. Mobility substitutes
c. Air superiority
d. Matriculation - CORRECT ANSWER✔✔- Mobility substitutes
Predatory loans often have fees that cost more than... - CORRECT ANSWER✔✔- 5% of the
total amount of a loan.
Under the veteran loan program, a veteran that purchases a property must make the property
his or her primary residence within _____ days of closing. - CORRECT ANSWER✔✔- 60
days
A licensee who attempts to purchase property for their personal use must do which of the
following?
a. Hire a separate disinterested broker
b. Purchase only from persons represented by a seller's broker
c. Pay their standard buyer's broker's commission to their principal broker
d. Disclose that they are a licensee - CORRECT ANSWER✔✔- Disclose that they are a
licensee
Under OAR 863-027-0020: the commissioner cannot issue more than a reprimand unless the
violation committed by the licensee is a gross violation. Which of the following cases would
not cause a violation to be considered a gross violation?
a. The act resulted in significant damage
,b. The act exhibited dishonest, but not fraudulent, conduct
c. The act was perpetrated willfully
d. The act is substantially similar to conduct that the licensee was reprimanded for previously
- CORRECT ANSWER✔✔- The act was perpetrated willfully
When creating a real estate listing agreement the principal will be... - CORRECT
ANSWER✔✔- the seller.
Which of the following is NOT something that was added to the The Truth in Lending Act
through an amendment?
a. Prohibitions on the use of mandatory arbitration
b. A requirement that consumers be notified if their mortgage loan is sold or transferred to
another entity Incorrect
c. A requirement that lenders provide borrowers with an annual escrow statement
d. A prohibition on unsolicited credit cards - CORRECT ANSWER✔✔- A requirement that
lenders provide borrowers with an annual escrow statement
When beginning a property management relationship the owner stated that "I want to help
poor single mothers get back on their feet" when discussing the purpose of having rentals.
Which of the following actions would be best for you to engage in as the landlord?
a. Charge a rental rate that is in the top 75% of the market
b. Install a daycare
c. Advertise the property as "affordable housing for single mothers"
d. Charging less rent to single mothers - CORRECT ANSWER✔✔- Install a daycare
Which of the following situations do not allow the landlord to give the tenant a 24 hour
eviction notice?
a. The tenant punched a hole in the roof to install a skylight
b. The legal tenant has moved out and there is an illegal sub-tenant living in the property
c. The tenant has attacked another tenant
d. The tenant was convicted of possession of 1/2 oz of marijuana - CORRECT
ANSWER✔✔- d. The tenant was convicted of possession of 1/2 oz of marijuana
,Under OAR 863-015-0125: Which of the following is not required on a real estate
advertisement created by a seller's broker?
Select one:
a. All of these are required Incorrect
b. The broker's name
c. The business name the broker operates under
d. The address of the property - CORRECT ANSWER✔✔- The address of the property
In regards to a tenancy at sufferance, what happens if the landlord accepts a rental payment
from a holdover tenant? - CORRECT ANSWER✔✔- The tenancy at sufferance changes to a
periodic tenancy
A property owner is planning to install a circular pond and wants to know how much space
the pond will take up. If the property owner is planning on the pond being 26 feet in diameter,
what will be the area of the pond in square feet?(Area of a Circle = π x [Diameter of the
Circle / 2]2) - CORRECT ANSWER✔✔- 530 ft2
...commonly have terms of a year or more but do not usually renew at the end of the term. -
CORRECT ANSWER✔✔- Leases
When storing real estate records in electronic format, the records must be stored in a
"WORM" format. What is a "WORM" format? - CORRECT ANSWER✔✔- A format that
can only be written to once
If a brokerage employs two principal brokers then... - CORRECT ANSWER✔✔- the brokers
may have a written agreement laying out supervision responsibilities.
Which of the following would NOT be defined as a conflict of interest?
Select one:
a. The broker is representing her sister
b. The buyer's broker sits on the planning board and they are drafting new zoning
c. The buyer wants to keep prices low (which would result in a lower commission for the
buyer's broker)
, d. All of these are a conflicts of interest - CORRECT ANSWER✔✔- The buyer wants to
keep prices low (which would result in a lower commission for the buyer's broker)
The Real Estate Settlement Procedures Act requires a lender to provide a borrower with a
Good Faith Estimate. What is a Good Faith Estimate? - CORRECT ANSWER✔✔- An
itemized list of all the fees and costs associated with a loan
How much continuing education is necessary to renew an inactive license while keeping the
license in an inactive state? - CORRECT ANSWER✔✔- None
When creating an agency agreement with a client, the primary agent is ______ and the sub
agent is ________ - CORRECT ANSWER✔✔- The managing principal broker, the broker
Waste that is ignitable, corrosive, reactive, or toxic is considered to be... - CORRECT
ANSWER✔✔- hazardous waste.
Which of the following is not an acceptable fee to be charged to tenants under the Oregon
Landlord Tenant Act?
a. Parking violation
b. Abandonment of the property Incorrect
c. Late fee
d. Pet fee - CORRECT ANSWER✔✔- Pet fee
Which of the following statements is not required in a Competitive Market Analysis?
Select one:
a. A description of the property
b. A statement of intent
c. A legal description of the property
d. A disclaimer that the analysis is not an appraisal - CORRECT ANSWER✔✔- A legal
description of the property
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
