OREGON Real Estate Licensing Exam Review Questions and answers, graded A+/ verified. All examinable Questions| latest update 2024/25|

OREGON Real Estate Licensing Exam Review Questions and answers, graded A+/ verified. All examinable Questions A branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest in the development. 11. temporary structure for dissemination of information. - -Neither I nor 11 A person can work as a secretary in a real estate office without obtaining a real estate license. That secretary can legally perform which of the following functions? 1. Transmit information from a multiple listing to a phone prospect if no one else is in the office 11. Verify the accuracy of listing information supplied by a broker by checking the records at the county tax office - -II only Which of the following constitutes engaging in professional real estate activity as defined by Oregon law? 1. A person who, for a fee, rents real estate owned by others to the public 11. A person who, for a fee, assists owners only in procuring prospective tenants for the owners' rental property - -Both I and II Which of the following categories of licensees, without charging a fee, could legally offer a seller an estimate of the sales price of the seller's property for the purpose of obtaining a listing? 1. Real estate broker 11. Principal real estate broker - -Both I and II An unlicensed personal assistant to a real estate broker could legally do which of the following? 1. Discuss the terms of a sale with a seller. 2. Discuss information about property listed by the real estate broker. 3. Obtain verification of sewer connection for a listed house from the city public works office at the client's request. 4. Deliver documents to a buyer. - -Deliver documents to a buyer. Principal brokers must supervise which of the following activities of brokers? 1. Completion of an Exclusive Right to Sell Listing Agreement 2. Completion of a Comparative Market Analysis 3. Completion of a Real Estate Sale Agreement 4. All of the above - -All of the above A non-licensed personal assistant to an Oregon broker associated with a principal real estate broker could legally perform which of the following activities? 1. Install signs and lock boxes on listed properties 2. Prepare and submit advertising to a newspaper as long as the broker reviews it - -I only An Oregon principal real estate broker wants to place a booth in the local shopping mall to display information on listings. The booth will be regularly staffed by licensees. Which is true of this situation? 1. The booth needs to be registered as a branch office. 2. As long as the booth is open for less than six months it will not need to be registered as a branch office. 3. The booth does not need to be registered as a branch office. 4. The law prohibits the use of such informational displays. - -The booth needs to be registered as a branch office. A broker associated with a principal real estate broker was asked by a property owner to prepare a Competitive Market Analysis for the owner's residence. Under Oregon law, which of the following statements about a CMA are true? 1. A fee may be charged for providing a CMA. 2. The analysis may not be contingent upon reporting a pre-determined value. - -Both I and II 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 will be on site at the development to fill out all the earnest money agreements. The part-time employees will not sign documents.