Oregon Real Estate Study questions and answers 2024 with complete solution

11. Broker Wilson, a sole practitioner, obtained an exclusive right to sell listing on a property. Five days later he died. 10 days after his death an offer was made on the property to a cooperating broker. Which of the following statements is true concerning this situation? 1. Wilson's wife could assume the listing contract and present the offer to the seller. 2. If the offer was accepted by the seller, Wilson's commission would be paid to his estate. 3. The listing agreement terminated at Wilson's death. 4. Any commission from the sale of the property would be paid to Wilson's heir - 3. The listing agreement terminated at Wilson's death. 9. Oregon real estate license law prohibits a broker from doing which of the following actions? 1. Asking his principal broker to sue a seller for a commission owed. 2. receiving a finder's fee through his principal broker from an out of state licensed broker. 3. Failing to report to their principal broker or the Real Estate Commissioner of being charged and convicted of a felony. 4. Paying a marketing company for leads - 3. Failing to report to their principal broker or the Real Estate Commissioner of being charged and convicted of a felony. A broker associated with a principal real estate broker was asked by a property owner to prepare a competitive market analysis for the owner's residence. Under Oregon law, which of the following statements about a competitive market analysis are true?I. A fee may be charged for providing a competitive market analysis. II. The analysis may not be contingent upon reporting a predetermined value. 1. I only 2. II only 3. Both I and II 4. Neither I nor II - 3. Both I and II