Oregon final real estate Study guides, Class notes & Summaries

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...

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...

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...

REAL ESTATE: PROPERTY MANAGEMENT EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ When a broker or property manager signs a contract to manage an owner's property he becomes a Correct Answer: Fiduciary In establishing a client's trust account, a property manager must do all of the following Correct Answer: -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...

When a broker or property manager signs a contract to manage an owner's property he becomes a - ANSWER-Fiduciary In establishing a client's trust account, a property manager must do all of the following - ANSWER--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 copy of the signed property management agreement....

Oregon Agency Law Final Exam, Complete Verified Solution Mastering the laws relating to _________ can reduce misunderstandings and litigation, especially in the areas of commissions through procuring cause, conflicts of interest and representation. agency A broker is a person who: a. Is employed by another person b. Has the authority to act for that person c. Has the authority to exercise some discretion while acting for another person The person who hires or appoints an agent to act on...

Oregon Real Estate Exam Questions and Answers 100% Pass Within how many business days from the date a client's trust account is opened, a licensed real estate property manager or principal real estate broker shall notify the Real Estate Agency that the account has been opened? 10 Within how many business days from the date a clients' trust account is closed or transferred, a licensed real estate property manager or principal real estate broker shall notify the agency that the account has bee...

OREGON CONTRACTS FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

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 copy of the signed property management agreement.... when...

OREGON REAL ESTATE FINAL STUDY GUIDE WITH COMPLETE SOLUTIONS.