Oregon Broker Psi Exam 2025 | EXAM COMPLETE
QUESTIONS AND ANSWERS | ALREADY PASSED |
2025 LATEST!!
How long must real estate documents be kept? - (ANSWER)6 years, from the
date the transaction was accepted, rejected, or withdrawn
Who approves advertising? - (ANSWER)Principal broker
When should the principal broker review brokers documents? - (ANSWER)7 days
of the document's acceptance, rejection or withdrawal. The PB must sign and
initial at the time of review
How long must you keep attendance and continuing records? - (ANSWER)3 years
everything else regarding business for 6 years
When should you notify the real estate agency that a client's trust account has
been opened/closed? - (ANSWER)10 business days from the date it was closed or
opened
When informing the RE agency a trust account has been opened what info must
be included? - (ANSWER)name of bank, account number, name of account, date
it was created, and acknowledgment
A broker associated with a principal real estate broker was asked by a property
owner to prepare a competitive market analysis for the owners residence. Under
Oregon law, which of the following statements about a CMA is true? -
, (ANSWER)A fee may be charged for proving a CMA the analysis may not be
contingent upon reporting a predetermined value
Under OR law if a principal real estate broker establishes an independent
contractor relationship with an associated real estate broker - (ANSWER)The
principal broker must supervise the real estate brokers real estate activities to
conform to the OR real estate license and law administrative rules
Non licensed employees of a property manager may do all of the following except
- (ANSWER)negotiate and sign property management agreement with owners
An OR resident may engage in RE without a license if - (ANSWER)he deals in
estate property as an appointed executor of the estate
The license of an active OR real estate broker who is associated with a principal
broker - (ANSWER)Must be renewed before the expiration date to remain active
After a broker's agency relationship with an OR principal broker is terminated the
brokers license if it is not reissues revoked or suspended will become -
(ANSWER)inactive license within 30 calendar days
OR law provides that a person may renew an inactive real estate license -
(ANSWER)every two years indefinitely
QUESTIONS AND ANSWERS | ALREADY PASSED |
2025 LATEST!!
How long must real estate documents be kept? - (ANSWER)6 years, from the
date the transaction was accepted, rejected, or withdrawn
Who approves advertising? - (ANSWER)Principal broker
When should the principal broker review brokers documents? - (ANSWER)7 days
of the document's acceptance, rejection or withdrawal. The PB must sign and
initial at the time of review
How long must you keep attendance and continuing records? - (ANSWER)3 years
everything else regarding business for 6 years
When should you notify the real estate agency that a client's trust account has
been opened/closed? - (ANSWER)10 business days from the date it was closed or
opened
When informing the RE agency a trust account has been opened what info must
be included? - (ANSWER)name of bank, account number, name of account, date
it was created, and acknowledgment
A broker associated with a principal real estate broker was asked by a property
owner to prepare a competitive market analysis for the owners residence. Under
Oregon law, which of the following statements about a CMA is true? -
, (ANSWER)A fee may be charged for proving a CMA the analysis may not be
contingent upon reporting a predetermined value
Under OR law if a principal real estate broker establishes an independent
contractor relationship with an associated real estate broker - (ANSWER)The
principal broker must supervise the real estate brokers real estate activities to
conform to the OR real estate license and law administrative rules
Non licensed employees of a property manager may do all of the following except
- (ANSWER)negotiate and sign property management agreement with owners
An OR resident may engage in RE without a license if - (ANSWER)he deals in
estate property as an appointed executor of the estate
The license of an active OR real estate broker who is associated with a principal
broker - (ANSWER)Must be renewed before the expiration date to remain active
After a broker's agency relationship with an OR principal broker is terminated the
brokers license if it is not reissues revoked or suspended will become -
(ANSWER)inactive license within 30 calendar days
OR law provides that a person may renew an inactive real estate license -
(ANSWER)every two years indefinitely
