Oregon real estates Study guides, Class notes & Summaries

Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024 How many consecutive years of non-use of water does one lose their water rights in Oregon? ️ 5 consecutive years, the right is considered forfeited Who must register the business name? ️ Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? ️ 6 years, from the date the transaction was accepted, rejected, or withdrawn...

What is a tax allocation district? 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 Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the property his...

Test 1: Oregon Real Estate License Law with Complete SolutionsTest 1: Oregon Real Estate License Law with Complete SolutionsTest 1: Oregon Real Estate License Law with Complete Solutions A branch office registration is necessary to use a model unit, available for sale, in a subdivision for promotion of interest in the development. temporary structure for dissemination of information. I only II only Both I and II Neither I nor II - ANSWER-Neither I nor II Which of the following categ...

Oregon Real Estate Related Statutes with Complete SolutionsOregon Real Estate Related Statutes with Complete SolutionsOregon Real Estate Related Statutes with Complete Solutions When does oregon's property tax year begin? - ANSWER-July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - ANSWER-junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there may not be any money left ...

Oregon Real Estate Study Questions & Answers, Latest Updates, verified. 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. - -1. Write ads and submit them to the newspaper and online. A principal real estate broker h...

Oregon Real Estate All Test Questions & Answers, Graded A+/ verified. How many types of licenses can a real estate licensee have at the same time? - -1 Which of the following activities/persons are not exempt from real estate licensure under ORS 696.030? -A non-licensed individual acting as attorney in fact under a power of attorney executed on September 2005 -A person testifying before a court as to the value of real property -An attorney rendering services in the performance of duties...

Oregon Real Estate Exam Review questions and answers, 100% Accurate, rated A+/ The act of entering upon another person's real estate without authority or permission of the owner is called an encroachment. a trespass. an easement. a license. - -a trespass Which of the following best describes the physical boundaries of Land? a. The Surface of the earth and infinite space above the surface b. the center of the earth and infinite space above it c. The surface of the earth and mineral...

Oregon Real Estate National Test Q&A 100% AccurateOregon Real Estate National Test Q&A 100% AccurateOregon Real Estate National Test Q&A 100% Accurate Promissory note for earnest money to be made payable at? - ANSWER-Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- - 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? - AN...

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 a - lien release a condo owner can remove walls if - they own adjoining units Absolute Auction - highest bidder gets the property and there is no minimum bid acknowledgement - recognition for a not...

OREGON Real Estate Licensing Exam Review Questions and answers, graded A+/ verified. All examinable Questions A branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest in the development. 11. temporary structure for dissemination of information. - -Neither I nor 11 A person can work as a secretary in a real estate office without obtaining a real estate license. That secretary can legally perform which of the followin...