Oregon Exam Practice Test Questions
and Correct Verified Answers 2025-
2026 Set.
1. Metes and Bounds - Answer land description method that uses distances,
landmarks/monuments, and directions & compass bearings, always ends back at the starting
point
2. Government Survey - Answer aka Public Land Survey/Rectangular Land Survey/Section and
Township, land description method that uses meridians (north-south) and baselines (east-west);
areas include quadrangle (24 miles each side), township (6 miles each side), and section (1 mile
each side)
3. Township - Answer 6 miles x 6 miles (36 square miles), made up of 36 sections, section
numbering starts in northeast corner and moves west then south then east then south then
west like a snake finishing in southeast corner, each section is 640 acres
4. Plat Map - Answer aka lot-and-block, land description method for subdivided land,
subdivision map is called plat, lot is smallest parcel, parcel becomes legal description once
recorded, the legal description of each parcel will be written as the lot number, block number,
subdivision name, and the county and state which the property is located, without legal
description a contract or deed can become void
5. Deed Essentials - Answer legal description of property, signature of the grantor, does not
convey title until delivered to grantee, whose acceptance is assumed if deed not rejected
6. Lien Priority - Answer generally based on date of recording, exceptions are property tax
liens which take priority over all other liens and construction liens which are prioritized by the
date work was begun rather than date of recording
7. Condo Conversion - Answer notice given to tenants at least 120 days before conversion
begins, tenants must be given first opportunity to purchase unit they live in, tenants must be
given at least 60 days to reject this offer, landlords cannot show unit to prospective buyers
without tenant permission, no work may be done in unit for 120 days after notice given
8. Short sale benefits - Answer advantages to borrower include: may not hurt credit as much
as foreclosure, may be able to avoid foreclosure stigma; advantages to lender include: may
, owner's agent's written permission, principal broker's name/business name must be prominent,
must be submitted to principal broker for approval, may not guarantee any future profits, does
not need to include licensee's phone number/licensee address/license number, all advertising
falls under supervision of principal broker
10. Licensee advertising own property - Answer may list property without principal broker's
consent if the property is not listed with principal broker, states that property is owned by
licensee
11. Online advertising rules - Answer must include statement that licensee is licensed in
Oregon
12. Team/Group advertising rules - Answer may use this verbiage if the team or group includes
at least one licensee and the licensee members are associated with the same principal broker or
property manager
13. Lender advertising rules - Answer if advertising directly to consumer TILA mandates
disclosure of credit terms and interest rate, APR most important to be conspicuous, may also
include a simple annual rate or periodic rate to unpaid balance
14. Investigation of licensees - Answer (1) Commissioner reviews complaint to see if
reasonable grounds, (2) investigation begins (objective, impartial), (3) investigation report
written which does not contain conclusions or recommendations, (4) agency manager reviews
report to determine if person chargeable for violation of ORS law
15. Deposits into trust accounts - Answer money held for others can be deposited in neutral
third party trust account (escrow/brokerage trust), cannot be transferred between an escrow
and brokerage trust
16. Submission deadline for trust funds - Answer licensee must submit funds to principal
broker within three banking days
17. Earnest money - Answer becomes part of contract after offer accepted, deposited into
escrow account or selling broker's trust account, most common forms are personal checks,
cashier's checks, and cash
18. Closing disclosure form timeline - Answer must be received by the consumer three days
and Correct Verified Answers 2025-
2026 Set.
1. Metes and Bounds - Answer land description method that uses distances,
landmarks/monuments, and directions & compass bearings, always ends back at the starting
point
2. Government Survey - Answer aka Public Land Survey/Rectangular Land Survey/Section and
Township, land description method that uses meridians (north-south) and baselines (east-west);
areas include quadrangle (24 miles each side), township (6 miles each side), and section (1 mile
each side)
3. Township - Answer 6 miles x 6 miles (36 square miles), made up of 36 sections, section
numbering starts in northeast corner and moves west then south then east then south then
west like a snake finishing in southeast corner, each section is 640 acres
4. Plat Map - Answer aka lot-and-block, land description method for subdivided land,
subdivision map is called plat, lot is smallest parcel, parcel becomes legal description once
recorded, the legal description of each parcel will be written as the lot number, block number,
subdivision name, and the county and state which the property is located, without legal
description a contract or deed can become void
5. Deed Essentials - Answer legal description of property, signature of the grantor, does not
convey title until delivered to grantee, whose acceptance is assumed if deed not rejected
6. Lien Priority - Answer generally based on date of recording, exceptions are property tax
liens which take priority over all other liens and construction liens which are prioritized by the
date work was begun rather than date of recording
7. Condo Conversion - Answer notice given to tenants at least 120 days before conversion
begins, tenants must be given first opportunity to purchase unit they live in, tenants must be
given at least 60 days to reject this offer, landlords cannot show unit to prospective buyers
without tenant permission, no work may be done in unit for 120 days after notice given
8. Short sale benefits - Answer advantages to borrower include: may not hurt credit as much
as foreclosure, may be able to avoid foreclosure stigma; advantages to lender include: may
, owner's agent's written permission, principal broker's name/business name must be prominent,
must be submitted to principal broker for approval, may not guarantee any future profits, does
not need to include licensee's phone number/licensee address/license number, all advertising
falls under supervision of principal broker
10. Licensee advertising own property - Answer may list property without principal broker's
consent if the property is not listed with principal broker, states that property is owned by
licensee
11. Online advertising rules - Answer must include statement that licensee is licensed in
Oregon
12. Team/Group advertising rules - Answer may use this verbiage if the team or group includes
at least one licensee and the licensee members are associated with the same principal broker or
property manager
13. Lender advertising rules - Answer if advertising directly to consumer TILA mandates
disclosure of credit terms and interest rate, APR most important to be conspicuous, may also
include a simple annual rate or periodic rate to unpaid balance
14. Investigation of licensees - Answer (1) Commissioner reviews complaint to see if
reasonable grounds, (2) investigation begins (objective, impartial), (3) investigation report
written which does not contain conclusions or recommendations, (4) agency manager reviews
report to determine if person chargeable for violation of ORS law
15. Deposits into trust accounts - Answer money held for others can be deposited in neutral
third party trust account (escrow/brokerage trust), cannot be transferred between an escrow
and brokerage trust
16. Submission deadline for trust funds - Answer licensee must submit funds to principal
broker within three banking days
17. Earnest money - Answer becomes part of contract after offer accepted, deposited into
escrow account or selling broker's trust account, most common forms are personal checks,
cashier's checks, and cash
18. Closing disclosure form timeline - Answer must be received by the consumer three days
