Oregon real estate study Study guides, Class notes & Summaries

Oregon Real Estate Study Questions And Answers With Verified Solutions Already Passed!!!

Owner Reports - CORRECT ANS A property manager is obligated to give an accounting of an owner's property. The reports are usually given per month and an annual report. Reconciliation - CORRECT ANS A balance and reconciliation of the company's receipt and disbursement journal, company bank statement and each owner's ledger. A late rent payment fee can be charged if ? - CORRECT ANS if the rental agreement includes the specifics of a late fee. (sect 6/ch3) Essential services...

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 proper...

OREGON REAL ESTATE STUDY QUESTIONS AND ANSWERS 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. 2. A principal real estate broker hired a number of p...

OREGON REAL ESTATE FINAL STUDY GUIDE WITH COMPLETE SOLUTIONS.

Oregon Real Estate Study Questions Perfectly Answered!!

How many days does a principal broker have to provide the name and account number of the bank after opening a trust account? - ANSWER-10 business days What is the age a person has to be to get a reverse mortgage? - ANSWER-62 years old and if married both persons must be at least 62 What is de-titling a manufactured home? - ANSWER-Placing it on a lot permanently thereby changing it from personal property to real property. In so doing, ownership is evidenced by a deed rather than a title and...

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...

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