Oregon Real Estate Bundled Exams with complete solution 2024,2025

A branch office registration is necessary to use a: A. model unit, available for sale, in a subdivision for promotion of interest in the development. B. temporary structure for dissemination of information. - Answer-Neither A nor B A broker associated with a principal real estate broker was asked...

A branch office registration is necessary to use a: 1) model unit, available for sale, in a subdivision for promotion of interest in the development. 2) temporary structure for dissemination of information. - Neither 1 or 2 A broker associated with a principal real estate broker was asked by a pr...

A real estate broker operates a business sending real estate leads to various real estate brokerages. These brokerages then pay him a referral fee. Is he in violation of the Oregon laws governing real estate, specifically ORS 696.301? - Yes, he is barred from accepting compensation from a principa...

2 step application for land divisions - Owners first apply for preliminary plan approval, and then they apply for final plat approval. A plat is a map and other documents comprising a land division's specifications and details, which will be recorded in public records. a canceled lien is called ...

"to wit" - The legal description of the property 4 elements required for a contract - *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Arbitration - A third party arbitrarion serves as a judge, hearing both parties and ...

11. Broker Wilson, a sole practitioner, obtained an exclusive right to sell listing on a property. Five days later he died. 10 days after his death an offer was made on the property to a cooperating broker. Which of the following statements is true concerning this situation? 1. Wilson's wife cou...

A bilateral contract - each of the parties make promises to the other. A blind bid in an auction is also known as a clock bid or rafter bid and is used to induce bidders to up their bid. - It is the practice of accepting a non-existing bid from a non-existing bidder and is fraudulent. A civil pe...

1 mile - 5280 feet 1760 yards Acre - 43560 feet Assignment of contracts - Contracts involving money or property are assignable. Contracts involving service (listing agreement) are not assignable without consent of the principal Balance sheet - Demonstrates the accounting value or financial posi...