ONLINEED REAL ESTATE EXAM
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 100% CORRECT
RATED A+ NEWLY UPDATED 2025/2026
Q: What do you call a deed condition that limits how a property can be used?
A: A restriction
Q: If real property is transferred by escheat, what does that mean?
A: The owner died without a will (intestate) and had no legal heirs
Q: If licensee Russel is hired by Seller O'Neil to manage a rental, what is their
relationship?
A: Russel is acting as O'Neil’s agent and owes him fiduciary duties
Q: Under federal fair housing laws, what is considered "steering"?
A:
Discouraging a buyer from viewing a property based on sex
Suggesting someone wouldn’t feel comfortable in a neighborhood due to
religion
Withholding information about a property because of familial status
Q: What is the main purpose of the Federal National Mortgage Association
(FNMA or Fannie Mae)?
A: To purchase Title II loans and help maintain liquidity in the mortgage market
Q: When can a licensee use the term "team" or "group" in advertising?
A:
, All members must work under the same principal broker or property
manager
The name must not be misleading or violate trade name rules
The group must include at least one licensed individual
Q: What does a lease legally transfer?
A: The right to possess and use real estate in exchange for payment
Q: In Oregon, how is property assessed by the county assessor?
A: At market value
under a government rectangular survey, a correction line is required because of -
ANSWER✔✔the curvature of the earth
The vendor in a land sale contract in Oregon - ANSWER✔✔
in a real estate sale transaction, title to the real estate passes from the seller to
buyer when - ANSWER✔✔the seller executes and delivers the deed, and the buyer
accepts the deed.
A tenant leased a heated apartment, but the landlord failed to provide heat because
of a defective heating plant. The tenant vacated and refused to pay rent. This is an
example of - ANSWER✔✔constructive eviction
Which of the following tends to lower property values? - ANSWER✔✔Deferred
maintenance
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 100% CORRECT
RATED A+ NEWLY UPDATED 2025/2026
Q: What do you call a deed condition that limits how a property can be used?
A: A restriction
Q: If real property is transferred by escheat, what does that mean?
A: The owner died without a will (intestate) and had no legal heirs
Q: If licensee Russel is hired by Seller O'Neil to manage a rental, what is their
relationship?
A: Russel is acting as O'Neil’s agent and owes him fiduciary duties
Q: Under federal fair housing laws, what is considered "steering"?
A:
Discouraging a buyer from viewing a property based on sex
Suggesting someone wouldn’t feel comfortable in a neighborhood due to
religion
Withholding information about a property because of familial status
Q: What is the main purpose of the Federal National Mortgage Association
(FNMA or Fannie Mae)?
A: To purchase Title II loans and help maintain liquidity in the mortgage market
Q: When can a licensee use the term "team" or "group" in advertising?
A:
, All members must work under the same principal broker or property
manager
The name must not be misleading or violate trade name rules
The group must include at least one licensed individual
Q: What does a lease legally transfer?
A: The right to possess and use real estate in exchange for payment
Q: In Oregon, how is property assessed by the county assessor?
A: At market value
under a government rectangular survey, a correction line is required because of -
ANSWER✔✔the curvature of the earth
The vendor in a land sale contract in Oregon - ANSWER✔✔
in a real estate sale transaction, title to the real estate passes from the seller to
buyer when - ANSWER✔✔the seller executes and delivers the deed, and the buyer
accepts the deed.
A tenant leased a heated apartment, but the landlord failed to provide heat because
of a defective heating plant. The tenant vacated and refused to pay rent. This is an
example of - ANSWER✔✔constructive eviction
Which of the following tends to lower property values? - ANSWER✔✔Deferred
maintenance
