1
OREGON REAL ESTATE FINAL STUDY
GUIDE Questions and Answers (100%
Correct Answers) Already Graded A+
How many days notice must The Agency provide
before performing a compliance review? Ans: 5
days
© 2025 Assignment
How long can a real estate broker's license be
Guru01 - Stuvia
expired before it lapses? Ans: 1 year
Expert
who is not allowed to be an authorized signer on
a property management trust account? Ans:
Property Owner
What are the three things required when opening
a client trust account? Ans: 1. The date the
account was opened
2. The acct number
3. A statement authorizing the RE commissioner
to examine the account
Which association purchases mortgages and
bundles them into mortgage backed securities?
Ans: FANNIE MAE The federal national mortgage
association
, 2
What are the principals of valuation? Ans: DUST
Demand, utility, scarcity, transferability
A reconciliation has how many parts?> Ans: 3
If a RE broker receives more than __ in cash for a
single transaction, then he/she must report it to
the IRS on form 8300. Ans: $10,000
© 2025 Assignment
Guru01 - Stuvia
What's the difference between the Civil Rights
act of 1964 and the Fair Housing Act of 1968?
Expert
Ans: The Fair House Act is a subset of the Civil
Rights Act
What is the Bancroft Bonding Act? Ans: dealing
with water and charter
What must happen before a lot in a subdivision
can be sold through a land sale contract? Ans: A
collection escrow must be established in the
state Oregon with a party that is legally allowed
to receive escrows.
What is a property's assessed value? Ans: The
lower of it's real market value or it's maximum
assessed value
OREGON REAL ESTATE FINAL STUDY
GUIDE Questions and Answers (100%
Correct Answers) Already Graded A+
How many days notice must The Agency provide
before performing a compliance review? Ans: 5
days
© 2025 Assignment
How long can a real estate broker's license be
Guru01 - Stuvia
expired before it lapses? Ans: 1 year
Expert
who is not allowed to be an authorized signer on
a property management trust account? Ans:
Property Owner
What are the three things required when opening
a client trust account? Ans: 1. The date the
account was opened
2. The acct number
3. A statement authorizing the RE commissioner
to examine the account
Which association purchases mortgages and
bundles them into mortgage backed securities?
Ans: FANNIE MAE The federal national mortgage
association
, 2
What are the principals of valuation? Ans: DUST
Demand, utility, scarcity, transferability
A reconciliation has how many parts?> Ans: 3
If a RE broker receives more than __ in cash for a
single transaction, then he/she must report it to
the IRS on form 8300. Ans: $10,000
© 2025 Assignment
Guru01 - Stuvia
What's the difference between the Civil Rights
act of 1964 and the Fair Housing Act of 1968?
Expert
Ans: The Fair House Act is a subset of the Civil
Rights Act
What is the Bancroft Bonding Act? Ans: dealing
with water and charter
What must happen before a lot in a subdivision
can be sold through a land sale contract? Ans: A
collection escrow must be established in the
state Oregon with a party that is legally allowed
to receive escrows.
What is a property's assessed value? Ans: The
lower of it's real market value or it's maximum
assessed value
