Oregon final real estate Study guides, Class notes & Summaries

Oregon Property Management Final Exam with Complete & Verified Solutions | 100 % Correct | 2024 Update Oregon's statutes on property management with respect to licensure and property management activity are extensive. These laws serve which of the following purposes: -Answer️️ - a. To specify requirements for the management of rental real estate b. To protect owners and tenants of rental real estate c. To encourage real estate property managers to comply with the applicable statutes a...

OREGON REAL ESTATE FINAL STUDY GUIDE 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+ How many days notice must The Agency provide before performing a compliance review? - CORRECT ANS 5 days How long can a real estate broker's license be expired before it lapses? - CORRECT ANS 1 year who is not allowed to be an authorized signer on a property management trust account? - CORRECT ANS Property Owner What are the three things required when opening a client trust account? - CORR...

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 to pay them after the lender in first position gets paid what is true about the assessed value of oregon real estate - ANSWER It's the value used to calculate the property tax...

Real Estate: Property Management Exam Questions/Answers Already Passed When a broker or property manager signs a contract to manage an owner's property he becomes a Fiduciary In establishing a client's trust account, a property manager must do all of the following -control the receipts and disbursements on the account -use pre-numbered checks for the account -be an authorized signer on the account An owner of real estate who engages a property manager to manage his property must receive a c...

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 to pay them after the lender in first position gets paid what is true about the assessed value of oregon real estate - ANSWER-It's the value used to calculate the property tax...

AYPO - Oregon Real Estate Broker License Education Review What is a tax allocation district? - ANS 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 - ANS Mobility substitutes Predatory loans often have fees that cost more than... - ANS 5% of the total ...

Oregon Real Estate Final Exam Prep Questions and Answers

Oregon Law Final Exam 2024 Questions & Answers with complete solution A condition which passes with the title could be created by _______________ I. written agreement. II. deed. 1) I only 2) II only 3) I and II 4) Neither I nor II - 3) I and II A deed to real property has the statement "subject to an easement". The term "subject to" would mean the burdened land is _______________ 1) appurtenant. 2) encumbered. 3) a liability. 4) restricted. - 2) encumbered...

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...

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...