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Oregon Real Estate | Agency 2 Exam | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Oregon Real Estate | Agency 2 Exam | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Oregon Real Estate | Agency 1 Exam |
Questions with 100% Correct Answers |
Verified | Latest Update 2026/2027

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Practice questions for this set


Learn 1 /7 Study using Learn




Agency needs authority; contract needs 6 elements



Choose an answer



1 Agency 2 Special agent



3 Agency requirement 4 Agency vs contract



Don't know?

, Terms in this set (41)



Agency Relationship where agent acts for
principal with third parties


Principal Person being represented


Agent Person acting on behalf of principal


Third party Outside party agent interacts with


Agency requirement Must involve third party interaction


No third party interaction No agency


Agency vs contract Agency needs authority; contract needs
6 elements


Contract elements Offer, acceptance, consideration,
competent parties, legal purpose, writing
(sometimes) — OACCLW


Agency termination vs Agency can end but contract obligations
contract may remain


Independent contractor Paid by commission, written agreement,
licensed

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