OREGON REAL ESTATE LICENSE LAW 2023 COMPLETE QUESTIONS AND ANSWERS // FINAL EXAM: REAL ESTATE REAL ESTATE EXPRESS 2023 // Real Estate U Final Study Guide (Chapters 1-19) 2023 COMPLETE QUESTIONS AND ANSWERS // Oregon Real Estate License Study (Section 1, 2, 3 {Section 6, Chapters 3, 4, 5, 6})// ORE...
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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 ANS Neither I nor II A person can work as a secretary in a real estate o...
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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 ANS Neither I nor II A person can work as a secretary in a real estate o...
How many days notice must The Agency provide before performing a compliance review? - CORRECT ANS 5 days How long can a real estate broker's license be expired before it lapses? - CORRECT ANS 1 year who is not allowed to be an authorized signer on a property management trust account? - ...
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Add to cartHow many days notice must The Agency provide before performing a compliance review? - CORRECT ANS 5 days How long can a real estate broker's license be expired before it lapses? - CORRECT ANS 1 year who is not allowed to be an authorized signer on a property management trust account? - ...
The purpose of laws that provide for property to escheat to the state or county when a landowner dies with no will and no heirs is to 1. save the cost of a judicial claims process. 2. provide an additional source of revenues to the state or county. 3. prevent property from being ownerless. 4. ...
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Add to cartThe purpose of laws that provide for property to escheat to the state or county when a landowner dies with no will and no heirs is to 1. save the cost of a judicial claims process. 2. provide an additional source of revenues to the state or county. 3. prevent property from being ownerless. 4. ...
Owner Reports - CORRECT ANS A property manager is obligated to give an accounting of an owner's property. The reports are usually given per month and an annual report. Reconciliation - CORRECT ANS A balance and reconciliation of the company's receipt and disbursement journal, company ...
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Add to cartOwner Reports - CORRECT ANS A property manager is obligated to give an accounting of an owner's property. The reports are usually given per month and an annual report. Reconciliation - CORRECT ANS A balance and reconciliation of the company's receipt and disbursement journal, company ...
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...
The Real Estate Commissioner: - CORRECT ANS Is appointed by the governor, Administers the Real Estate Law, Can suspend or revoke a real estate license The Real Estate law exempts some people from needing a real estate license, which of the following are not exempt: - CORRECT ANS Any p...
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Add to cartThe Real Estate Commissioner: - CORRECT ANS Is appointed by the governor, Administers the Real Estate Law, Can suspend or revoke a real estate license The Real Estate law exempts some people from needing a real estate license, which of the following are not exempt: - CORRECT ANS Any p...
Real Property - CORRECT ANS Is immovable composed of land and the rights that go along with land such as easement, rents, profits, and all man made things attached to land Personal Property - CORRECT ANS Movable and essentially opposite of real property Fixtures - CORRECT ANS A f...
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Add to cartReal Property - CORRECT ANS Is immovable composed of land and the rights that go along with land such as easement, rents, profits, and all man made things attached to land Personal Property - CORRECT ANS Movable and essentially opposite of real property Fixtures - CORRECT ANS A f...
The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - CORRECT ANS 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 lan...
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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 ANS 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 lan...
Why is there a high demand for property managers in Florida? - CORRECT ANSWER Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal process is known...
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Add to cartWhy is there a high demand for property managers in Florida? - CORRECT ANSWER Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal process is known...
Primary Mortgage Market - CORRECT ANSWER Where lenders originate mortgage loans by lending funds directly to borrowers. Mortgage Broker - CORRECT ANSWER A person who brings borrowers and lenders together for a real estate loan. Mortgage Banker - CORRECT ANSWER A person who origin...
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Add to cartPrimary Mortgage Market - CORRECT ANSWER Where lenders originate mortgage loans by lending funds directly to borrowers. Mortgage Broker - CORRECT ANSWER A person who brings borrowers and lenders together for a real estate loan. Mortgage Banker - CORRECT ANSWER A person who origin...
Contract - CORRECT ANSWER *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - CORRECT ANSWER *Competent Parties *Legal (or lawful) object or purpose *Agr...
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Add to cartContract - CORRECT ANSWER *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - CORRECT ANSWER *Competent Parties *Legal (or lawful) object or purpose *Agr...
When an easement appurtenant exists between two parcels of land that are owned by different owners: a. the servient tenement is given the right to cross the land of the dominant tenement. b. the dominant tenement is burdened by the easement. c. the servient tenement can revoke the use of the ea...
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Add to cartWhen an easement appurtenant exists between two parcels of land that are owned by different owners: a. the servient tenement is given the right to cross the land of the dominant tenement. b. the dominant tenement is burdened by the easement. c. the servient tenement can revoke the use of the ea...
Constructive eviction - CORRECT ANSWER 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 ANSWER Mutual agreement to terminate lease The residential landlord and tenant act - ...
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Add to cartConstructive eviction - CORRECT ANSWER 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 ANSWER Mutual agreement to terminate lease The residential landlord and tenant act - ...
Oregon Real Estate (State) Agency - CORRECT ANSWER 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 ...
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Add to cartOregon Real Estate (State) Agency - CORRECT ANSWER 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 ...
At least that goes month to month is known as - CORRECT ANSWER an state from period to period Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - CORRECT ANSWER $225 1st you take ...
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Add to cartAt least that goes month to month is known as - CORRECT ANSWER an state from period to period Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - CORRECT ANSWER $225 1st you take ...
1. Which feature below does not pertain to energy efficiency? a. Energy Star® appliances b. Increased insulation in walls and roof c. Efficient heating and cooling equipment d. Shag carpets and marble countertops - CORRECT ANS d. Shag carpets and marble countertops 2. What protects real...
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Add to cart1. Which feature below does not pertain to energy efficiency? a. Energy Star® appliances b. Increased insulation in walls and roof c. Efficient heating and cooling equipment d. Shag carpets and marble countertops - CORRECT ANS d. Shag carpets and marble countertops 2. What protects real...
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 ANS Neither I nor II 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 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 ANS Neither I nor II A person can work as a secretary in a real estate of...
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