Oregon Real Estate Exam Practice - Instructor Questions & Answers, 100% Accurate.| latest update 2024/25|

Oregon Real Estate Exam Practice - Instructor Questions & Answers, 100% Accurate. Do social networking sites have to be supervised by the principal broker? - -Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - -An auctioneer who is auctioning homes must have license - someone who deals with short term vacation rentals needs business license only - real estate license not required. Which of the following needs to be disclosed to a potential buyer? - -a rehabilitation house for registered sex offenders <no or a house used for the cooking of meth.<yes must be disclosed What should you do if you get a listing for a house that has a septic tank on it? - -it must be disclosed. How many days does a principal broker have to provide the name and account number of the bank after opening a trust account? - -10 business days. What is the age a person has to be to get a reverse mortgage? - -62 years old and if married both persons must be at least 62. How much equity does a person have to have in their house to get a reverse mortgage? - -They must meet the equity requirements of HUD. Who gets paid in a reverse mortgage? - -The lender pays the homeowner. Do you have to notify the REA of an address change in