OREGON REAL ESTATE AGENCIES 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+

OREGON REAL ESTATE AGENCIES 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+ Oregon Real Estate (State) Agency - CORRECT ANSWER The Oregon Real Estate Agency is a state government agency. It licenses real estate brokers, principal brokers and property managers. The Agency administers the laws and rules that apply to people who conduct professional real estate activity in Oregon. Inactive Licenses - CORRECT ANSWER can also mean "on ice" Commissioner - CORRECT ANSWER The Real Estate Commissioner is appointed by the Governor to provide leadership to the Agency. The Commissioner has authority to conduct investigations and hold hearings regarding applications for real estate licenses as to possible violations of the laws. Oregon Real Estate Board - CORRECT ANSWER Oregon Real Estate Board members are appointed by the Governor to advise the Commissioner and the Governor on real estate industry matters. This advisory board has the following duties: - Recommend and suggest policy to the Agency - Monitor the Agency - Inquire about the needs of real estate licensees in Oregon - Recommend whether waivers of license requirements should be granted Oregon Revised Statutes (ORS) * - CORRECT ANSWER are the laws passed by the legislature that give the Agency its responsibility and authority. OREGON REAL ESTATE AGENCIES 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+ Oregon Administrative Rules (OAR) * - CORRECT ANSWER is written by the Agency to implement the statute. These rules have the same effect as law. Professional real estate activity means - CORRECT ANSWER "...any of the following actions, when engaged in for another and for compensation or in the expectation or upon the promise of receiving or collecting compensation, by any person who: (a) Sells, exchanges, purchases, rents or leases real estate; (b) Offers to sell, exchange, purchase, rent or lease real estate; (c) Negotiates, offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate; (d) Lists, offers, attempts or agrees to list real estate for sale; (e) Offers, attempts or agrees to perform or provide a competitive market analysis or letter opinion, to represent a taxpayer under ORS 305.230 or 309.100 or to give an opinion in any administrative or judicial proceeding regarding the value of real estate for taxation, except when the activity is performe