Oregon Broker PSI Exam 2024 | Questions with 100% Correct Answers | Verified | Latest Update
How long must real estate documents be kept? - 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - Principal broker When should the principal broker review brokers documents? - 7 days of the document's acceptance, rejection or withdrawal. The PB must sign and initial at the time of review How long must you keep attendance and continuing records? - 3 years everything else regarding business for 6 years When should you notify the real estate agency that a client's trust account has been opened/closed? - 10 business days from the date it was closed or opened When informing the RE agency a trust account has been opened what info must be included? - name of bank, account number, name of account, date it was created, and acknowledgment A broker associated with a principal real estate broker was asked by a property owner to prepare a competitive market analysis for the owners residence. Under Oregon law, which of the following statements about a CMA is true? - A fee may be charged for proving a CMA the analysis may not be contingent upon reporting a predetermined value
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