AYPO - Oregon Real Estate Broker License Education Review Already Passed

YPO - Oregon Real Estate Broker License Education Review Already Passed What is a tax allocation district? A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the property his or her primary residence within _____ days of closing. 60 days A licensee who attempts to purchase property for their personal use must do which of the following? a. Hire a separate disinterested broker b. Purchase only from persons represented by a seller's broker c. Pay their standard buyer's broker's commission to their principal broker d. Disclose that they are a licensee Disclose that they are a licensee Under OAR : the commissioner cannot issue more than a reprimand unless the violation committed by the licensee is a gross violation. Which of the following cases would not cause a violation to be considered a gross violation? a. The act resulted in significant damage b. The act exhibited dishonest, but not fraudulent, conduct c. The act was perpetrated willfully d. The act is substantially similar to conduct that the licensee was reprimanded for previously The act was perpetrated willfully When creating a real estate listing agreement the principal will be... the seller. Which of the following is NOT something that was added to the The Truth in Lending Act through an amendment? a. Prohibitions on the use of mandatory arbitration b. A requirement that consumers be notified if their mortgage loan is sold or transferred to another entity Incorrect c. A requirement that lenders provide borrowers with an annual escrow statement d. A prohibition on unsolicited credit cards A requirement that lenders provide borrowers with an annual escrow statement When beginning a property management relationship the owner stated that "I want to help poor single mothers get back on their feet" when discussing the purpose of having rentals. Which of the following actions would be best for you to engage in as the landlord? a. Charge a rental rate that is in the top 75% of the market b. Install a daycare c. Advertise the property as "affordable housing for single mothers" d. Charging less rent to single mothers Install a daycare Which of the following situations do not allow the landlord to give the tenant a 24 hour eviction notice?