Oregon real estate 2023 Study guides, Class notes & Summaries

The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - correct answer -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 land planning. He has determined the geographic boundaries of the individual lots and how the streets as the development will be signed to give access to each lot, when can he begin to list this propert...

OREGON REAL ESTATE FINAL STUDY GUIDE LATEST 2023 RATED A+ How many days notice must The Agency provide before performing a compliance review? 5 days How long can a real estate broker's license be expired before it lapses? 1 year who is not allowed to be an authorized signer on a property management trust account? Property Owner What are the three things required when opening a client trust account? 1. The date the account was opened 2. The acct number 3. A statement authorizing the RE commis...

Do you need a real estate license to sell a mobile home on a rented space? - correct answer -No! Does the real estate agent with a lapsed license need to have an active license when lease-optioning personally-owned real estate? - correct answer -No - but they must do all other duties as if they WERE being supervised, IE keep finacial records, hold funds in neutral escrow, etc. Which situation requires a property manager to comply with license law and administrative rules? rental or lease-o...

An example of novation is that the - correct answer -seller's liability for the obligation is replaced by the buyer's. Under Oregon law in a month-to-month tenancy, the landlord has a right to - correct answer -terminate a tenant's occupancy after 30 days' written notice. To realize the maximum value of a property, a reasonable degree of sociological and economic homogeneity is necessary, but it should not become monotonously uniform. In real estate, this concept is called the principl...

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 - correct answer -Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - correct answer -Statutory l...

Promissory note for earnest money to be made payable at? - correct answer -Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- - correct answer -yes social networking sites are advertising and must be supervised and approved by principal broker. .Which of the following doesn't require a real estate license? - correct answer -An auctioneer who is auctioning homes must have restate license or someone or deals with short term vacation rentals busines...

Earnest money can be in the form of - correct answer -cash or check and/or promissory note Real estate sales commissions are usually paid by the - correct answer -seller Open spaces with half cubicles are often referred to as a - correct answer -bull pens An escrow agent acts as a ____ party - correct answer -neutral third Office standards for both employees and independent contractors should be in writing in the form of a/an - correct answer -office policy manual ASP is an acrony...

OAS 2023 Practice Questions and Answers with complete solution Any promotional material distributed by an Oregon real estate broker associated with a principal real estate broker 1) must comply with all fair housing laws. 2) may contain the direct telephone number of the real estate broker if the principal broker's licensed name or registered business name is given (the registered business name must be used if there is one). I only II only Both I and II Neither I nor II Both...

Principal Broker - correct answer -A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be - correct answer -18 years of age; background check; educational requirements; real estate license for 3 years; passed brokers exam To become eligible for a principal broker license, a broker must have held an active real estate license for a period ...

OREGON REAL ESTATE EXAM PREP(Some common exam questions you might see on the State test)2023.