THE CODE, Oregon Real Estate Exam (PSI) Questions with verified answers

THE CODE, Oregon Real Estate Exam (PSI) Questions with verified answersA broker cannot collect a commission if... - ANS-There is not a written, signed listing or fee agreement that provides an adequate description of the property (address) A broker has signed a listing contract for the sale of a home. Which of the following could make this contract voidable? - ANS-The seller is heavily under the influence of alcohol at the time of signing. A broker lists a property stating that it is offered "as is." This broker still MUST disclose which - ANS-Existence of a leaking oil tank A broker maintains a Property Management Trust (Escrow) Account which has the clients' funds in it. The broker has negative $1,000 balance in it whereas client Jones has $2,000 balance in his account. - ANS-this is a violation of real estate license laws A buyer's agent is working with a couple who have decided on a particular property. They are concerned about the boundaries as it appears the fence from a neighboring property encroaches. The buyer's agent should: - ANS-recommend the buyers get a sur