Oregon real estate exam Study guides, Class notes & Summaries

How many consecutive years of non-use of water does one lose their water rights in Oregon? - ANSWER 5 consecutive years, the right is considered forfeited Who must register the business name? - ANSWER Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? - ANSWER 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - ANSWER The principal broker Whe...

THE CODE, Oregon Real Estate Exam (PSI) Questions and Answers

OREGON REAL ESTATE EXAM

Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - correct answer -Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Title Report C) D) - correct answer -Final Agency Agreement? Because if the seller doesn't accept the offer they are not obligated to sign Final Agency Agreement - correct answer -Sale...

An unlicensed personal assistant to a real estate broker could legally do which of the following? - correct answer -Deliver documents to a buyer. An Oregon real estate license must be held by a person who performs which of the following acts? - correct answer -1. Take a listing from a real property owner with the expectation of receiving a commission 2. Charge a consultation fee to a seller for advice on marketing real property Which of the following acts requires an Oregon real estate li...

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 the broker sign the contract later. - Answer 1. Write ads and submit them to the newspaper and online. A principal real estate broker hired a number of part-time employees to show property, pass...

Oregon Real Estate Exam (PSI) Questions and Answers 100% Correct Oregon Real Estate Exam (PSI) Questions and Answers 100% Correct Oregon Real Estate Exam (PSI) Questions and Answers 100% Correct How many consecutive years of non-use of water does one lose their water rights in Oregon? - ANSWER-5 consecutive years, the right is considered forfeited Who must register the business name? - ANSWER-Principal Broker, must register the business name with REA-(Real Estate Agency) under their na...

How many consecutive years of non-use of water does one lose their water rights in Oregon? - ANSWER 5 consecutive years, the right is considered forfeited Who must register the business name? - ANSWER Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? - ANSWER 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - ANSWER The principal broker Whe...

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...

PSI >> THE CODE, Oregon Real Estate Exam (PSI) Questions and Answers Rated A+.