Real Estate Exam Oregon (Guaranteed Pass!)

An unlicensed personal assistant to a real estate broker could legally do which of the following? correct answers Deliver documents to a buyer. An Oregon real estate license must be held by a person who performs which of the following acts? correct answers 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 license? correct answers Acceptance of a listing to sell a farm Which of the following acts doesn't require an Oregon real estate license? correct answers Negotiation between a buyer and a seller for the sale of a mobile home located on a rental space in a mobile home facility Which statement is FALSE concerning an inactive real estate broker involved in a lease option of a personally-owned real estate? correct answers The transaction must be supervised by a principal real estate broker. Jackson, a real estate broker, hired Wanda as an unlicensed personal assistant to help with mundane daily tasks. Wanda discussed the terms of an ongoing sale with a prospective buyer. Who is responsible for Wanda's violation of real estate law? Jackson and/or Jackson's principal broker? correct answers Both There are exemptions to licensing. Which IS required to be licensed? 1. A Department of Veterans' Affairs employee selling foreclosed homes. 2. A person who, for a fee, markets rental property and collects rent. 3. A person performing professional real estate activity under a court order. 4. A general partner who engages in a real estate transaction for a limited partnership. correct answers 2. A person who, for a fee, markets rental property and collects rent. The license of an active Oregon real estate broker who is associated with a principal broker 1. must be renewed before the expiration date to remain active 2. must be displayed in the office of the principal broker under whom the broker is licensed correct answers 1. must be renewed before the expiration date to remain active With their principal broker's permission and supervision, a real estate broker could do which of the following? 1. Manage an office for 120 consecutive days 2. Close a transaction correct answers 2. Close a transaction