Real Estate Exam Oregon Exam Review Questions and answers, graded A+/ verified.| latest update 2024/25|

Real Estate Exam Oregon Exam Review Questions and answers, graded A+/ verified. An unlicensed personal assistant to a real estate broker could legally do which of the following? - - Deliver documents to a buyer. 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 Which of the following acts requires an Oregon real estate license? - -Acceptance of a listing to sell a farm Which of the following acts doesn't require an Oregon real estate license? - -Negotiation between a buyer and a seller for the sale of a mobile home located on a rental space in a mobile home facility Which statement is FALSE concerning an inactive real estate broker involved in a lease option of a personally-owned real estate? - -The transaction must be supervised by a principal real estate broker. Jackson, a real estate broker, hired Wanda as an unlicensed personal assistant to help with mundane daily tasks. Wanda discussed the terms of an ongoing sale with a prospective buyer. Who is responsible for Wanda's violation of real estate law? Jackson and/or Jackson's principal broker? - -Both There are exemptions to licensing. Which IS required to be licensed? 1. A Department of Veterans' Affairs employee selling foreclosed homes. 2. A person who, for a fee, markets rental property and collects rent. 3. A person performing professional real estate activity under a court order. 4. A general partner who engages in a real estate transaction for a limited partnership. - -2. A person who, for a fee, markets rental property and collects rent. The license of an active Oregon real estate broker who is associated with a principal broker 1. must be renewed before the expiration date to remain active 2. must be displayed in the office of the principal broker under whom the broker is licensed - -1. must be renewed before the expiration date to remain active With their principal broker's permission and supervision, a real estate broker could do which of the following? 1. Manage an office for 120 consecutive days 2. Close a transaction - -2. Close a transaction After a broker's agency relationship with an Oregon principal broker is terminated, the broker's license, if it is not reissued, revoked or suspended, will become an inactive license within - -30 Calendar Days At the time the seller accepts the buyer's offer, the question of the disposition of forfeited earnest money is a matter for negotiation between - -the principal broker and seller. If the branch office of a real estate firm maintains a separate clients' trust account, it must also 1. maintain a separate bookkeeping syste