Oregon Real Estate Exam (PSI) Questions Verified and Provided
with Complete A+ Graded Answers Latest Updated 2026
How many consecutive years of non-use of water 5 consecutive years, the right is considered forfeited
does one lose their water rights in Oregon?
Who must register the business name? Principal Broker, must register the business name with REA-(Real Estate
Agency) under their name.
How long must real estate documents be kept? 6 years, from the date the transaction was accepted, rejected, or
withdrawn
Who approves advertising? The principal broker
When should the principal broker review a brokers 7 days, of the documents acceptance, rejection, or withdrawal. The
Documents? principal broker must initial and date the document in writing at the time
of review
How long must you keep attendance & continuing 3 years, All other records regarding business are kept for 6 years
education records?
When should you notify the Real Estate agency a 10 business days, from the date the account was opened or closed
clients trust account has been closed/opened?
When informing the real estate agency a clients 1. Name of the bank
trust account has been opened. What information 2.Account Number
is to be included? 3.Name of the account
4. Date the account was opened
5.Acknowledged copy of the notice
How long can a broker temporarily supervise due 90 days, with written authorization and broker accepts in writing the
to the absence of the principal broker? effective & termination date. The broker must also have 3years of
active real estate experience.
Who must maintain CE (continuing education) Principal brokers and brokers must maintain all their own CE records for
records 3years
Only accepted course for renewing real estate Advanced Practices Course & LARRC aka Law & Rule Required course
license for the first time
Continuing education requires what? Principal brokers & brokers are required to complete 30hours of
continuing education each 2year license cycle
Your first renewal must include 3hour law & rule required course aka
(LARRC) & 27hours broker advanced practices course
How long until earnest money needs to be 3 banking days
deposited?
with Complete A+ Graded Answers Latest Updated 2026
How many consecutive years of non-use of water 5 consecutive years, the right is considered forfeited
does one lose their water rights in Oregon?
Who must register the business name? Principal Broker, must register the business name with REA-(Real Estate
Agency) under their name.
How long must real estate documents be kept? 6 years, from the date the transaction was accepted, rejected, or
withdrawn
Who approves advertising? The principal broker
When should the principal broker review a brokers 7 days, of the documents acceptance, rejection, or withdrawal. The
Documents? principal broker must initial and date the document in writing at the time
of review
How long must you keep attendance & continuing 3 years, All other records regarding business are kept for 6 years
education records?
When should you notify the Real Estate agency a 10 business days, from the date the account was opened or closed
clients trust account has been closed/opened?
When informing the real estate agency a clients 1. Name of the bank
trust account has been opened. What information 2.Account Number
is to be included? 3.Name of the account
4. Date the account was opened
5.Acknowledged copy of the notice
How long can a broker temporarily supervise due 90 days, with written authorization and broker accepts in writing the
to the absence of the principal broker? effective & termination date. The broker must also have 3years of
active real estate experience.
Who must maintain CE (continuing education) Principal brokers and brokers must maintain all their own CE records for
records 3years
Only accepted course for renewing real estate Advanced Practices Course & LARRC aka Law & Rule Required course
license for the first time
Continuing education requires what? Principal brokers & brokers are required to complete 30hours of
continuing education each 2year license cycle
Your first renewal must include 3hour law & rule required course aka
(LARRC) & 27hours broker advanced practices course
How long until earnest money needs to be 3 banking days
deposited?
