Oregon real estate - Study guides, Class notes & Summaries

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. - correct answer -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 following functions? 1. Transmit information from a multiple listing to a phone prospect if no one el...

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...

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 EXAM

OREGON REAL ESTATE STUDY QUESTIONS

If the demand for houses remains constant, the supply... A. Increases, the value will increase B. remains the same, the value will increase C. remains the same, the value will decrease D. Decreases, the value will increase - Answer D. Decreases, the value will increase A tight money market would indicate... A. A buyer's market in real estate B. A seller's market in real estate C. High interest rates D. Low interest rates E. Both A & C F. Both B & D - Answer E. Both A & C ...

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 o...

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...

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...