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AYPO - Oregon Real Estate Broker License Education Review questions with correct answers
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AYPO - Oregon Real Estate Broker License Education Review questions with correct answers
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AYPO - Oregon Real Estate Broker LicenseEducation Review questions with 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:
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