OR Real Estate License Exam Prep Questions and
Verified Answers.
A branch office registration is necessary to use a:
1) model unit, available for sale, in a subdivision for promotion of interest in the
development.
2) temporary structure for dissemination of information. - ANS Neither 1 or 2
A person can work as a secretary in a real estate office without obtaining a real estate
license. That secretary can legally perform which of the following functions?
1) Transmit information from a multiple listing to a phone prospect if no one else is in the
office
2) Verify the accuracy of listing information supplied by a broker by checking the records
at the county tax office - ANS 2 only
Which of the following constitutes engaging in professional real estate activity as defined
by Oregon law?
1) A person who, for a fee, rents real estate owned by others to the public
2) A person who, for a fee, assists owners only in procuring prospective tenants for the
owners' rental property - ANS Both
Which of the following categories of licensees, without charging a fee, could legally offer a
seller an estimate of the sales price of the seller's property for the purpose of obtaining a
listing?
1) Real estate broker
2) Principal real estate broker - ANS Both
An unlicensed personal assistant to a real estate broker could legally do which of the
following?
,- Discuss the terms of a sale with a seller.
- Discuss information about property listed by the real estate broker.
- Obtain verification of sewer connection for a listed house from the city public works office
at the client's request.
- Deliver documents to a buyer. - ANS Deliver documents to a buyer
Principal brokers must supervise which of the following activities of brokers?
- Completion of an Exclusive Right to Sell Listing Agreement
- Completion of a Comparative Market Analysis
- Completion of a Real Estate Sale Agreement
- All of the above - ANS All of Above
A nonlicensed personal assistant to an Oregon broker associated with a principal real
estate broker could legally perform which of the following activities?
1) Install signs and lock boxes on listed properties
2) Prepare and submit advertising to a newspaper as long as the broker reviews it - ANS 1
only
An Oregon principal real estate broker wants to place a booth in the local shopping mall to
display information on listings. The booth will be regularly staffed by licensees. Which is
true of this situation?
- The booth needs to be registered as a branch office.
- As long as the booth is open for less than six months it will not need to be registered as a
branch office.
- The booth does not need to be registered as a branch office.
- The law prohibits the use of such informational displays. - ANS The booth needs to be
registered as a branch office.
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 CMA are true?
,1) A fee may be charged for providing a CMA.
2) The analysis may not be contingent upon reporting a pre-determined value. - ANS Both
1 and 2
A principal real estate broker hired a number of part-time employees to show property,
pass out brochures, quote prices, and state terms of the sale of real property in a
development. A real estate broker will be on site at the development to fill out all the
earnest money agreements. The part-time employees will not sign documents.
Under these circumstances, the:
- employees must be real estate licensees.
- principal real estate broker is not in violation since a licensee filled out and signed the
documents.
- employees could legally quote prices and terms as long as they did not fill out the forms.
- broker is not in violation as long as the employees were paid on an hourly basis. - ANS
employees must be real estate licensees.
Who of the following is required by Oregon law to have a real estate license?
- A college student receiving free rent while acting as resident manager of the fourplex he
lives in
- A son selling his mother's property under power of attorney
- A woman who receives a finders' fee for soliciting buyers for her sister, who is licensed
- A property owner selling his investment property - ANS A woman who receives a finders'
fee for soliciting buyers for her sister, who is licensed
An Oregon real estate license must be held by a person who performs which of the
following acts?
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
3) Receive a commission for selling a mobile home located on a rental space in a mobile
home facility - ANS 1 and 2 Only
, (A real estate license is required to take a listing from a real property owner with
expectation of commission and to charge a consultation fee to a seller for advice on
marketing a real property. However, a real estate license would not be required to receive
commission for selling a mobile home from a mobile home facility. This is because a
mobile home is not considered real property.)
Which of the following acts requires an Oregon real estate license?
1) Negotiation between a buyer and a seller for the sale of a mobile home located on a
rental space in a mobile home facility
2) Acceptance of a listing to sell a farm - ANS 2 Only
A real estate broker associated with a principal real estate broker may do which of the
following without supervision?
- Set up a property management business
- Rent or lease their real estate
- Lease-option their real estate
- Sell their real estate - ANS Rent or lease their real estate
(A real estate broker associated with a principal broker may still act as his own landlord
and rent or lease his own real estate to a tenant.)
A real estate broker associated with a principal real estate broker may do which of the
following activities without supervision?
- Engage in property management if the real estate broker has held a real estate license
for a minimum of five years
- Set up a property management business if the principal real estate broker agrees
- Lease-option the real estate broker's own property
- Rent or lease the real estate broker's own real estate - ANS Rent or lease the real estate
broker's own real estate
Verified Answers.
A branch office registration is necessary to use a:
1) model unit, available for sale, in a subdivision for promotion of interest in the
development.
2) temporary structure for dissemination of information. - ANS Neither 1 or 2
A person can work as a secretary in a real estate office without obtaining a real estate
license. That secretary can legally perform which of the following functions?
1) Transmit information from a multiple listing to a phone prospect if no one else is in the
office
2) Verify the accuracy of listing information supplied by a broker by checking the records
at the county tax office - ANS 2 only
Which of the following constitutes engaging in professional real estate activity as defined
by Oregon law?
1) A person who, for a fee, rents real estate owned by others to the public
2) A person who, for a fee, assists owners only in procuring prospective tenants for the
owners' rental property - ANS Both
Which of the following categories of licensees, without charging a fee, could legally offer a
seller an estimate of the sales price of the seller's property for the purpose of obtaining a
listing?
1) Real estate broker
2) Principal real estate broker - ANS Both
An unlicensed personal assistant to a real estate broker could legally do which of the
following?
,- Discuss the terms of a sale with a seller.
- Discuss information about property listed by the real estate broker.
- Obtain verification of sewer connection for a listed house from the city public works office
at the client's request.
- Deliver documents to a buyer. - ANS Deliver documents to a buyer
Principal brokers must supervise which of the following activities of brokers?
- Completion of an Exclusive Right to Sell Listing Agreement
- Completion of a Comparative Market Analysis
- Completion of a Real Estate Sale Agreement
- All of the above - ANS All of Above
A nonlicensed personal assistant to an Oregon broker associated with a principal real
estate broker could legally perform which of the following activities?
1) Install signs and lock boxes on listed properties
2) Prepare and submit advertising to a newspaper as long as the broker reviews it - ANS 1
only
An Oregon principal real estate broker wants to place a booth in the local shopping mall to
display information on listings. The booth will be regularly staffed by licensees. Which is
true of this situation?
- The booth needs to be registered as a branch office.
- As long as the booth is open for less than six months it will not need to be registered as a
branch office.
- The booth does not need to be registered as a branch office.
- The law prohibits the use of such informational displays. - ANS The booth needs to be
registered as a branch office.
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 CMA are true?
,1) A fee may be charged for providing a CMA.
2) The analysis may not be contingent upon reporting a pre-determined value. - ANS Both
1 and 2
A principal real estate broker hired a number of part-time employees to show property,
pass out brochures, quote prices, and state terms of the sale of real property in a
development. A real estate broker will be on site at the development to fill out all the
earnest money agreements. The part-time employees will not sign documents.
Under these circumstances, the:
- employees must be real estate licensees.
- principal real estate broker is not in violation since a licensee filled out and signed the
documents.
- employees could legally quote prices and terms as long as they did not fill out the forms.
- broker is not in violation as long as the employees were paid on an hourly basis. - ANS
employees must be real estate licensees.
Who of the following is required by Oregon law to have a real estate license?
- A college student receiving free rent while acting as resident manager of the fourplex he
lives in
- A son selling his mother's property under power of attorney
- A woman who receives a finders' fee for soliciting buyers for her sister, who is licensed
- A property owner selling his investment property - ANS A woman who receives a finders'
fee for soliciting buyers for her sister, who is licensed
An Oregon real estate license must be held by a person who performs which of the
following acts?
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
3) Receive a commission for selling a mobile home located on a rental space in a mobile
home facility - ANS 1 and 2 Only
, (A real estate license is required to take a listing from a real property owner with
expectation of commission and to charge a consultation fee to a seller for advice on
marketing a real property. However, a real estate license would not be required to receive
commission for selling a mobile home from a mobile home facility. This is because a
mobile home is not considered real property.)
Which of the following acts requires an Oregon real estate license?
1) Negotiation between a buyer and a seller for the sale of a mobile home located on a
rental space in a mobile home facility
2) Acceptance of a listing to sell a farm - ANS 2 Only
A real estate broker associated with a principal real estate broker may do which of the
following without supervision?
- Set up a property management business
- Rent or lease their real estate
- Lease-option their real estate
- Sell their real estate - ANS Rent or lease their real estate
(A real estate broker associated with a principal broker may still act as his own landlord
and rent or lease his own real estate to a tenant.)
A real estate broker associated with a principal real estate broker may do which of the
following activities without supervision?
- Engage in property management if the real estate broker has held a real estate license
for a minimum of five years
- Set up a property management business if the principal real estate broker agrees
- Lease-option the real estate broker's own property
- Rent or lease the real estate broker's own real estate - ANS Rent or lease the real estate
broker's own real estate
