Oregon Real Estate Study Questions and Answers 100% Correct(GRADED A+)

An unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have the broker sign the contract later. - ANSWER-1. Write ads and submit them to the newspaper and online. A principal real estate broker hired a number of part-time employees to show property, pass out brochures, quote prices, and state terms of the sale of real property in a development. A real estate broker was on site to fill out all of the earnest money agreements. The employees did not sign documents. Under these circumstances, the 1. employees must be real estate licensees. 2. principal real estate broker is not in violation since a licensee filled out and signed the documents. 3. employees could legally quote prices and terms as long as they did not fill out the forms. 4. broker is not in violation as long as the employees were paid on an hourly basis. - ANSWER-1. employees must be real estate licensees. Which of the following statements is false concerning an inactive real estate broker involved in a lease option of his personally owned real estate? 1. The transaction must be supervised by a principal real estate broker. 2. The real estate broker must deposit all funds received in the transaction into a neutral escrow depository. 3. The real estate broker must maintain a transaction file on the transaction as if the transaction were being handled by a principal real estate broker. 4. The real estate broker must disclose the broker's license status to the other party to the transaction. - ANSWER-1. The transaction must be supervised by a principal real estate broker. Which of the following individuals is not exempt from licensing law or requirements while engaging in property management activity? 1. A hotel representative in the business of arranging transient lodging in a hotel or inn. 2. A railroad company arranging transient lodging at a hotel or inn in the course of its business. 3. An innkeeper arranging transient lodging at his inn. 4. A limited partner in a limited partnership who, on a part-time basis, is acting under a separate, written property management agreement to rent the real property of the limited partnership. - ANSWER-4. A limited partner in a limited partnership who, on a part-time basis, is acting under a separate, written property management agreement to rent the real property of the limited partnership. With the supervising principal broker's permission and authority, a broker could do which of the following activities? 1. Manage the office indefinitely while the principal broker is out of town 2. Close a transaction. 3. Review and approve the advertising submitted by other brokers in the office. 4. For a fee, review and supervise the files for the principal broker. - ANSWER-2. Close a transaction. Oregon law provides that a person may renew an inactive real estate license 1.