Oregon Real Estate | Practices 1 Exam
Questions and Answers with Verified
Solutions | Latest Updated 2026
Senate Bill 446 2001 Oregon law that modernized real
estate licensing and created the current
broker/principal broker system
Single licensing Oregon licensing structure centered on
broker, principal real estate broker, and
property manager rather than the old
salesperson model
Broker Sales-oriented Oregon licensee who
performs professional real estate activity
and initially works under a principal
broker
Principal Real Estate Broker Supervising licensee who may operate
independently and supervise brokers and
property managers
Property Manager Licensee authorized to manage rental
real estate but not represent buyers or
sellers in general sales transactions
Professional real estate Activity done for another, for
activity compensation, and listed in ORS
696.010(17)
, Three-part test for For another, for compensation, and listed
professional real estate in ORS 696.010(17)
activity
Exemption Person or situation listed in ORS 696.030
that does not require a real estate license
even if the conduct is professional real
estate activity
Broker experience 3 years of active experience
requirement for principal
broker
Minimum age for Oregon real 18
estate license
Minimum education for High school diploma or GED
Oregon real estate license
Broker prelicense education 150 clock hours
Broker prelicense subjects Practices, Law, Agency, Finance,
Brokerage, Contracts, and Property
Management for Brokers
Broker exam National section and state section
Failed one broker exam Only the failed section must be retaken
section
Questions and Answers with Verified
Solutions | Latest Updated 2026
Senate Bill 446 2001 Oregon law that modernized real
estate licensing and created the current
broker/principal broker system
Single licensing Oregon licensing structure centered on
broker, principal real estate broker, and
property manager rather than the old
salesperson model
Broker Sales-oriented Oregon licensee who
performs professional real estate activity
and initially works under a principal
broker
Principal Real Estate Broker Supervising licensee who may operate
independently and supervise brokers and
property managers
Property Manager Licensee authorized to manage rental
real estate but not represent buyers or
sellers in general sales transactions
Professional real estate Activity done for another, for
activity compensation, and listed in ORS
696.010(17)
, Three-part test for For another, for compensation, and listed
professional real estate in ORS 696.010(17)
activity
Exemption Person or situation listed in ORS 696.030
that does not require a real estate license
even if the conduct is professional real
estate activity
Broker experience 3 years of active experience
requirement for principal
broker
Minimum age for Oregon real 18
estate license
Minimum education for High school diploma or GED
Oregon real estate license
Broker prelicense education 150 clock hours
Broker prelicense subjects Practices, Law, Agency, Finance,
Brokerage, Contracts, and Property
Management for Brokers
Broker exam National section and state section
Failed one broker exam Only the failed section must be retaken
section
